According to the new trade theory,the dominance of America and Europe in the trade of mid-sized and large aircraft is largely a product of:

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In the commercial aircraft industry,the fact that Boeing and Airbus are already in the industry and have the benefits of economies of scale discourages new entry and reinforces the dominance of America and Europe in the trade of midsized and large jet aircraft.This dominance is further reinforced because global demand may not be sufficient to profitably support another producer of midsized and large jet aircraft in the industry.

According to the New Trade Theory,the Dominance of America and Europe