Editing Internationalization (section)

=== Technology gap theory of trade <small>''(Michael Posner)''</small> ===
{{Main|Technology gap|Michael Posner (economist)|label2=Michael Posner}}
The technology gap theory describes an advantage enjoyed by the country that introduces new goods in a market. As a consequence of research activity and entrepreneurship, new goods are produced and the innovating country enjoys a monopoly until the other countries learn to produce these goods: in the meantime they have to import them. Thus, international trade is created for the time necessary to imitate the new goods (''imitation lag'').<ref name="gandolfo01" />