New Trade Theory (NTT): Definition & Analysis

Trade Theories in Action
You go to purchase a tablet computer, and you have several to choose from. You have choices of tablets made in the United States, Japan, China, and Taiwan. Why wouldn't you just have one choice, the one from the United States? You live in the United States, after all. Even though there are locally made tablets, there are also plenty of imported options. Why would this be? Trade theories attempt to do just that!