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New Trade Theory suggests that a country may become the dominant exporter of a good because it was the first to develop large-scale production capabilities
New Trade Theory suggests that a country may become the dominant exporter of a good because it was the first to develop large-scale production capabilities for a given product or industry and thus possessed first-mover advantages. As the head of a major manufacturing company, what type of new product, real or imagined, would you start developing now in order to enjoy first-mover advantages in the future? Define, describe and explain accordingly.
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