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.