The paper "Global Pattern of Trade and the Role of Comparative Advantage in Explaining This Pattern" is an outstanding example of a marketing research proposal. The pattern of trade in the global landscape has experienced immense and dramatic shifts in recent decades. This dynamism can be traced back to World War II where the world trade has expanded and the most notable acceleration being experienced over the past decades (International Monetary Fund, 2011). According to Kowalski (2011), comparative advantage has been an imperative determinant of trade at the global scale in the sense that it has changed over time, including as a result of changing policies and institutions. However, these dynamics in the global pattern of trade and the principle role played by comparative advantage in explaining them has been subjected to inadequate scholarly investigation.
Consequently, this research will be a profound effort to address this gap and result in an insufficient explanation of the correlation between these two valuables. 1.2: Rationale of the study The intended research will play an integral role in the field of international business in two aspects. To begin with, this study aims at updating the existing literature on the global pattern of trade and how it has changed over time amid the influence of globalization.
This is based on the background that limited researches have been conducted in the recent past, aimed at exploring the relationship between the global pattern of trade and comparative advantage being the chief explaining theory. The above phenomenon is supported by Davis (2000) who determines that the work in the 1990s seeking to understand trade patterns at the international level lacks a single grand unifying theme, as did in the prior decade.
Research like this is therefore an imperative thematic approach in analyzing the explanations of comparative advantage on the tenets of the global pattern of trade. Another reason why this study is important is to determine and gauge the extent to which the trade pattern in the global spectrum has changed over time, and how comparative advantage elucidates this evolution.
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