An International Trade Theory for Our Time: Trade Theory of Hyper-Globalization and Hyper-Information Flow

10 Pages Posted: 1 Feb 2016

Date Written: January 31, 2016

Abstract

Throughout the course of modern history, there have been ever changing theories regarding trade. International trade in particular, has been the subject of much controversy regarding the potential benefits and detriments that may come along with certain practices. This paper will analyze the evolution of trade theory beginning with the mid-1500s and mercantilism, progressing through the 20th Century trade theories, and proposing a new trade theory for the 21st century, namely: Trade Theory of Hyper-Globalization and Hyper-Information Flow.

Keywords: mercantilism, absolute advantage, comparative advantage, heckscher-ohlin theory, leontief paradox, product life cycle theory, new trade theory, national advantage porter’s diamond, hyper-globalization, hyper-information flow

Suggested Citation

De Feis, George and Grunewald, Donald and De Feis, George, An International Trade Theory for Our Time: Trade Theory of Hyper-Globalization and Hyper-Information Flow (January 31, 2016). Available at SSRN: https://ssrn.com/abstract=2725334 or http://dx.doi.org/10.2139/ssrn.2725334

George De Feis (Contact Author)

Iona College ( email )

715 North Avenue
New Rochelle, NY 10801
United States

Donald Grunewald

Iona College ( email )

715 North Avenue
New Rochelle, NY 10801
United States

George De Feis

Pace University ( email )

861 Bedford Road
Choate House 100D
Pleasantville, NY New York 10570
United States

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