New Trade Theory
E880995
New Trade Theory is an economic framework that explains international trade patterns through economies of scale, imperfect competition, and product differentiation, showing how similar countries can benefit from trading similar goods.
All labels observed (1)
| Label | Occurrences |
|---|---|
| New Trade Theory canonical | 2 |
How this entity was disambiguated
This entity first appeared as the object of triple T10711799 — resolving that mention is where its identity was fixed. The disambiguator weighed these candidate entities and picked the highlighted one (or “None”, minting a new entity). This is how homonymy is resolved: the same surface form can point to different entities.
NED1
Entity disambiguation (via context triple)
gpt-5-mini-2025-08-07
Target entity: New Trade Theory Context triple: [Paul Krugman, notableWork, New Trade Theory]
-
A.
Studies in the Theory of International Trade
Studies in the Theory of International Trade is a classic 1937 economic treatise that rigorously analyzes and synthesizes the foundations of international trade theory, including comparative advantage, tariffs, and customs unions.
-
B.
Global Production: Firms, Contracts, and Trade Structure
"Global Production: Firms, Contracts, and Trade Structure" is an economics book by Pol Antràs that analyzes how firm-level decisions, contractual frictions, and international trade costs shape the organization and geography of global production.
-
C.
Diamond Model of national advantage
The Diamond Model of national advantage is Michael Porter's framework that explains how a nation's competitive success in particular industries arises from the interaction of factor conditions, demand conditions, related and supporting industries, and firm strategy, structure, and rivalry.
-
D.
Globalization and Trade in the New Millennium
"Globalization and Trade in the New Millennium" is a work by economist and former WTO Director-General Supachai Panitchpakdi that analyzes the challenges and opportunities of global economic integration in the 21st century.
-
E.
International Economics: Theory and Policy
International Economics: Theory and Policy is a widely used textbook that provides a comprehensive introduction to international trade and finance, blending rigorous economic theory with real-world policy applications.
- F. None of above. chosen
- G. Unsure - the case is ambiguous/there is not enough information to decide.
NED2
Entity disambiguation (via description)
gpt-5-mini-2025-08-07
Target entity: New Trade Theory Target entity description: New Trade Theory is an economic framework that explains international trade patterns through economies of scale, imperfect competition, and product differentiation, showing how similar countries can benefit from trading similar goods.
-
A.
Studies in the Theory of International Trade
Studies in the Theory of International Trade is a classic 1937 economic treatise that rigorously analyzes and synthesizes the foundations of international trade theory, including comparative advantage, tariffs, and customs unions.
-
B.
Global Production: Firms, Contracts, and Trade Structure
"Global Production: Firms, Contracts, and Trade Structure" is an economics book by Pol Antràs that analyzes how firm-level decisions, contractual frictions, and international trade costs shape the organization and geography of global production.
-
C.
Diamond Model of national advantage
The Diamond Model of national advantage is Michael Porter's framework that explains how a nation's competitive success in particular industries arises from the interaction of factor conditions, demand conditions, related and supporting industries, and firm strategy, structure, and rivalry.
-
D.
Globalization and Trade in the New Millennium
"Globalization and Trade in the New Millennium" is a work by economist and former WTO Director-General Supachai Panitchpakdi that analyzes the challenges and opportunities of global economic integration in the 21st century.
-
E.
International Economics: Theory and Policy
International Economics: Theory and Policy is a widely used textbook that provides a comprehensive introduction to international trade and finance, blending rigorous economic theory with real-world policy applications.
- F. None of above. chosen
Statements (47)
| Predicate | Object |
|---|---|
| instanceOf |
economic theory
ⓘ
international trade theory ⓘ |
| addresses |
home-market effect
ⓘ
industrial concentration in large economies ⓘ role of market size in trade patterns ⓘ |
| associatedWith |
Avinash Dixit
NERFINISHED
ⓘ
Elhanan Helpman NERFINISHED ⓘ Kelvin Lancaster NERFINISHED ⓘ Paul Krugman NERFINISHED ⓘ |
| assumes |
firms have market power
ⓘ
presence of scale economies at firm level ⓘ products are differentiated ⓘ |
| contrastsWith |
Heckscher–Ohlin model
NERFINISHED
ⓘ
Ricardian trade theory ⓘ classical trade theory ⓘ |
| critiquedFor |
limited treatment of firm heterogeneity
ⓘ
reliance on specific functional forms ⓘ |
| developedIn |
1980s
ⓘ
late 1970s ⓘ |
| emphasizes |
increasing returns to scale
ⓘ
monopolistic competition ⓘ role of market structure in trade ⓘ strategic interaction between firms ⓘ |
| explains |
gains from trade between similar countries
ⓘ
intra-industry trade ⓘ why similar countries trade similar goods ⓘ |
| extendedBy | New New Trade Theory NERFINISHED ⓘ |
| field | international economics ⓘ |
| focusesOn |
economies of scale
ⓘ
imperfect competition ⓘ international trade patterns ⓘ product differentiation ⓘ |
| influenced |
New Economic Geography
NERFINISHED
ⓘ
strategic trade policy literature ⓘ |
| keyPublication | Increasing Returns, Monopolistic Competition, and International Trade NERFINISHED ⓘ |
| keyPublicationAuthor | Paul Krugman NERFINISHED ⓘ |
| keyPublicationYear | 1979 ⓘ |
| relatedConcept |
Dixit–Stiglitz model
NERFINISHED
ⓘ
Krugman model of trade NERFINISHED ⓘ monopolistic competition model of trade ⓘ |
| shows |
trade can arise without factor endowment differences
ⓘ
trade can increase variety of goods available to consumers ⓘ trade can lower average costs through larger markets ⓘ |
| supports |
intra-industry trade between similar economies
ⓘ
trade in differentiated manufactured goods ⓘ |
| usedBy |
international organizations
ⓘ
policy analysts ⓘ |
How these facts were elicited
The pipeline generated the facts above by prompting gpt-5.1 with this entity's name + description and the instruction below.
Instruction
You are a knowledge base construction expert. Given a subject entity and a description of it, return factual statements that you know for the subject as a JSON list of dictionaries(triples), where keys must be "subject", "predicate" and "object". The number of facts may be very high, between 25 to 50 or more, for very popular subjects. For less popular subjects, the number of facts can be very low, like 5 or 10. # Requirements - If you don't know the subject at all, return an empty list. - If the subject is not a named entity, return an empty list. - Include at least one triple where predicate is "instanceOf". - Do not get too wordy. - Separate several objects into multiple triples with one object.
Input
Subject: New Trade Theory Description of subject: New Trade Theory is an economic framework that explains international trade patterns through economies of scale, imperfect competition, and product differentiation, showing how similar countries can benefit from trading similar goods.
Referenced by (2)
Full triples — surface form annotated when it differs from this entity's canonical label.