Theories of International Trade and Investment

Explain how nations can enhance their competitive advantage. What are the determinants of national competitiveness? Provide at least one example of a country with successful national industrial policies.

Sample Solution

Competitive advantage(CA) is an advantage competitors gain by providing or offering customers or consumers greater value for their money through product

ynthetic Statements: These are proclamations we make since we have come to know their substance through experience. For instance: ‘when I was stung by a honey bee it was significantly more excruciating than a wasp sting.’

Kant’s concern with David Hume was that; Hume was looking for the avocation of causation in experience while important association is known from the earlier. Kant set out to show that Synthetic from the earlier proclamations are conceivable.

Kant’s plan of the third sort of proclamations Synthetic A priori was to show the plausibility of Metaphysic as a science. Empiricists before Kant had ordered articulations into systematic and manufactured explanations, and transcendentalism doesn’t fit into any of the classifications subsequently, power was viewed as strange.

How are manufactured from the earlier conceivable? Kant set out to determine this issue he held that in all information there is a from the earlier component. This component is contributed by the mind itself. Without this from the earlier component, information would be outlandish.

The Empiricists held all information to be engineered and a posteriori. Kant dismisses this position, he instructed that information is conceivable in light of the fact that it is organized under the types of existence and related by ideas like causality. These are crafted by the knowing personality. In other to turn into an object of information things must comply with the structure of the knowing personality.

2.5 Logical Positivism and the Verification Principle

The intelligent positivism was the philosophical development started by some gathering of scholars in Vienna around the 1920s. Among its individuals were Moritz Schlick, Hans Hahn, Friedrich Waismann, Herbert Feigl, Otto Neurath and Rudolf Carnap. These analysts held that hypothesis doesn’t convey recommendations that are legitimate or bogus; it just clears up the criticalness of verbalizations, exhibiting some to be Scientific, some to be numerical and some to be counter-intuitive.