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The US market for computers is almost completely dominated
by US firm such as IBM, Apple, and Dell. The US market for
consumer electronics is dominated by Japanese firms and brands
such as SONY, Toshiba. However, the US automobile market
includes both strong domestic firms such as Ford (US) and
Toyota (Japanese).
1.
Discuss why the specific state of affairs exist?
2.
Analyze the industries from the standpoint of each Country-
based and Firm-based theory of international trade?
3.
Do some theories work better than others for different
industries? Why?

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