(Solution) - Drawing upon the new trade theory and Porter s theory -(2025 Original AI-Free Solution)

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Academic Level: Undergrad. (yrs 3-4)

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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?