Drawing upon the new trade theory and Porter’s theory of national
competitive advantage, outline the case for government policies that
would build national competitive advantage in biotechnology. What
kinds of policies would you recommend that the government adopt? Are
these policies at variance with the basic free trade philosophy?
. The world’s poorest countries are at a competitive disadvantage in every
sector of their economies. They have little to export; they have no
capital; their land is of poor quality; they often have too many people
given available work opportunities; and they are poorly educated. Free
trade cannot possibly be in the interests of such nations. Discuss.