While Vernon’s theory is useful for explaining the pattern of internat

QUESTION

While Vernon’s theory is useful for explaining the pattern of international trade in the modern world, its relevance during the period of American global dominance seemed more limited.

Indicate whether the statement is true or false.

ANSWER

FALSE
Vernon’s theory may be useful for explaining the pattern of international trade during the period of American global dominance, but its relevance in the modern world seems more limited.