Intra-Industry Trade : Cooperation and Conflict in the Global Political Economy / Timothy M. Peterson, Cameron Thies.

Format:

Book

Author/Creator:

Thies, Cameron, Author.

Peterson, Timothy M., Author.

Series:

Emerging frontiers in the global economy.

Emerging Frontiers in the Global Economy

Language:

English

Subjects (All):

Intra-industry trade.

International trade.

International economic relations.

International relations--Economic aspects.

International relations.

Physical Description:

1 online resource (206 p.)

Edition:

1st ed.

Place of Publication:

Stanford, CA : Stanford University Press, [2020]

Language Note:

English

Summary:

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, its tendency to lessen World Trade Organization disputes and militarized conflict, and its ability to pave the way for new and fortified alliances.

Contents:

Frontmatter

Contents

Preface

Chapter 1. Trade Composition and the Global Political Economy

Chapter 2. Conceptualizing and Operationalizing Intra-Industry Trade

Chapter 3. Cooperating to Compete: Intra-Industry Trade and the Formation of Preferential Trade Agreements

Chapter 4. Trade Composition and the World Trade Organization: The Effect of Intra-Industry Trade on the Dispute Settlement Procedure

Chapter 5. Beyond Liberalization and Development: Intra-Industry Trade and the Onset of Militarized Disputes

Chapter 6. The Political Economy of International Affinity: How the Composition of Trade Influences Preference Similarity and Alliance

Chapter 7. Conclusion

Notes

Bibliography

Index

Notes:

Description based upon print version of record.

Includes bibliographical references and index.

Description based on online resource; title from PDF title page (publisher's Web site, viewed 23. Jul 2020)

ISBN:

9780804797207

080479720X

OCLC:

1178769051