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Intra-Industry Trade: Cooperation and Conflict in the Global Political Economy (Emerging Frontiers in the Global Economy) by Cameron G. Thies; Timothy M. Peterson is a nonfiction available to read on EtoBox.

What is Intra-Industry Trade: Cooperation and Conflict in the Global Political Economy (Emerging Frontiers in the Global Economy) about?

__Intra-Industry Trade__ calls for us to rethink what trade most often looks like and how it shapes global institutions, fostering peace among states. Cameron G. Thies and Timothy M. Peterson argue that our understanding of trade has not kept pace with its changing nature in the 21st century; existing models, rooted in Ricardo's theories, regard trade uniformly as taking place between entities and countries that offer different commodities and operate according to the logic of comparative advantage. Though this type of exchange does take place, intra-industry trade—international trade of the same or similar commodities, in which foreign and domestic brands compete—is increasingly prevalent. The authors argue that our current academic and policymaking focus on the total volume of trade, rather than its composition, is misplaced. Trade composition matters, not just because it gives us a fuller understanding of how trade works, but also because intra-industry trade increases the likelihood of positive institutional relations and cooperation between states. To illustrate their point, the authors examine the effects that intra-industry trade has on Preferential Trade Agreement formation

Who reads Intra-Industry Trade: Cooperation and Conflict in the Global Political Economy (Emerging Frontiers in the Global Economy)?

Author

Cameron G. Thies; Timothy M. Peterson

Publisher

Stanford University Press

Published

2015

Language

EN

ISBN

9780804791335

Category

nonfiction

Subjects

Business, Social Science, Social Sciences