Question: How does the New Trade Theory from Chapter 5 help us understand why Boeing/U.S. and Airbus/EU are dominant in the world market for commercial aircraft

  1. How does the New Trade Theory from Chapter 5 help us understand why Boeing/U.S. and Airbus/EU are dominant in the world market for commercial aircraft exports globally? After watching this video, https://www.youtube.com/watch?v=2zaUOUiNjJY List the ways Krugmans theory applies.

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