The country will receive super-profits, or “technological rents”, until other countries copy its innovations. Posner’s model suggests that once an innovation has been copied, there is no point in trading it on the foreign market. In order to constantly trade in any product, it is necessary to ensure a “flow of innovations” in its production. […]
Tag: Individual
Regulation of the services market
The growth of international trade in services, especially modern services, and the transformation of services into an integral part of the intra-production activities of TNCs have put on the agenda the need to regulate the services market at the international, regional and sectoral levels. To date, the current regulatory system operates at several levels, each […]
Classification of competitive advantages
The competitive advantage of the system (company, industry, country) is any exclusive value that the system possesses and which gives it superiority over competitors. There are various approaches to the classification of competitive advantages, we propose to classify them on the following grounds [16 pp.195-199]: In relation to the system (organization, country, etc.): External (in […]