If every new product goes through a product cycle, will the technological initiator (e.g.. the United States or Japan

QUESTION:

If every new product goes through a product cycle, will the technological initiator (e.g.. the United States or Japan) eventually develop chronic overall “trade deficits”?


ANSWER:

According to the product life cycle approach, the technological originator of a product eventually will import the product. But its overall trade need not develop into chronic “deficits.” As technological originator continues to develop new products, it will export these products, while importing older products.

 

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