International Trade Theories and Decision-Making Areas in the Field of Development Strategy

Abstract

According to the authors' concept, there are 4 main reasons for conducting international trade: natural and geographical differences between states; differences in production costs in different countries; the effect of specialization on the production of a good with a greater relative advantage; effect of scale of production). These reasons are necessary, but not sufficient for the appearing of international trade, since any of the options for international trade can be implemented only under the conditions of acceptable "distance resistance", the main features of which are technical capabilities, costs , safety and speed of transportation). The article presents the author's concept of choosing a development strategy at the state or corporate levels, according to which the key determinants are distance resistance, nature of interaction with the environment (offensive or defensive) and the model of economic development (resource-based or knowledge-based).