Choose ONE of the following: EITHER "Whatever recent developments have occurred in international trade theory, in reality, the competitiveness of a location reflects the availability of resources in that location." Discuss this statement in the light of contemporary patterns of world trade and in the light of contemporary theories of trade. OR Discuss how economic theory can help us to explain the competitive advantages of MNEs and why supply chain and outsourcing has become very critical for the global companies. Word limits - 2,500 words The bibliography is not included in the word count.