If you choose a topic on Trade Policy, for example, you will need to do research on this topic and write a report which will analyse how trade policies are affecting the countries and companies in their pursuit of market expansion or market share or profitability. You need to elaborate on both sides of the arguments as which countries/industries and winning and which countries/industries are losing or have not enjoyed the benefits of particular trade policy of a country or group of countries
Definition: refers to merits which occur due to increase in industry number of firms (Chipman, 2010, p.347)
Firms in the industry develop as their number in the industry increases
Economies of concentration (Bain, 2014, p.15)
Economies of information (Hausmann & Klinger, 2010, p.146)
Economies of specialization/disintegration (Fung, Gul & Krishnan, 2012, p.1281)
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