From a major importer of electronic goods from USA and Japan, China has transformed itself into a global exporter of advanced electronic products to the entire world, including innovating countries such as the USA and Japan. Identify and critically discuss th

From a major importer of electronic goods from USA and Japan, China has
transformed itself into a global exporter of advanced electronic products to the entire
world, including innovating countries such as the USA and Japan. Identify and critically
discuss the economic theories that could be applied to justify this economic
transformation. You must support your argument with appropriate diagrams.
(35 marks)