Limitations of the Int’l PLC Theory Definitions of the Product Simultaneous Introduction Demarcation for each Stage Time Duration of each Stage No Recommendation for when to Export No Recommendation for when to FDI

Determinants of the Global Competitive Advantage: The Porter Diamond Firm Strategy, Structure, and Rivalry Demand Conditions Related and Supporting Industries Factor Conditions

GOVERNMENT INTERFERENCE WITH TRADE Raise Revenue Protect Jobs Developments Goals Balance of Payments Health & Safety Int’l Political Goals National Security Goals Control Prices Retaliation

TARIFFS Export Import Specific Ad Valorem Compound

QUOTAS Export Import Absolute Tariff Voluntary Export Restraints Embargo

FORMS OF TRADE CONTROL Tariffs Specific Ad Valorem Compound