Intra-Industry Trade: Cooperation and Conflict in the Global Political Economy
Intra-Industry Trade: Cooperation and Conflict in the Global Political Economy
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Abstract
This book calls for us to rethink what trade most often looks like and how it shapes global institutions, fostering peace among states. It argues that our understanding of trade has not kept pace with its changing nature in the twenty-first 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 book argues 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 demonstrate that intra-industry trade promotes preferential trade agreement formation, reduces World Trade Organization disputes and militarized conflict, and paves the way for new and fortified alliances.
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Front Matter
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Part I Introduction
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Part II Intra-Industry Trade and the Global Political Economy of International Institutions
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Cooperating to Compete: Intra-Industry Trade and the Formation of Preferential Trade Agreements
Cameron G. Thies andTimothy M. Peterson
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4
Trade Composition and the World Trade Organization: The Effect of Intra-Industry Trade on the Dispute Settlement Procedure
Cameron G. Thies andTimothy M. Peterson
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3
Cooperating to Compete: Intra-Industry Trade and the Formation of Preferential Trade Agreements
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Part III Intra-Industry Trade and the Global Political Economy of Peace and Conflict
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5
Beyond Liberalization and Development: Intra-Industry Trade and the Onset of Militarized Disputes
Cameron G. Thies andTimothy M. Peterson
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6
The Political Economy of International Affinity: How the Composition of Trade Influences Preference Similarity and Alliance
Cameron G. Thies andTimothy M. Peterson
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5
Beyond Liberalization and Development: Intra-Industry Trade and the Onset of Militarized Disputes
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Part IV Conclusion
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End Matter
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