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?