The Growth Of Intra Industry Trade
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Author | : Cameron Thies |
Publisher | : Stanford University Press |
Total Pages | : 206 |
Release | : 2015-10-28 |
Genre | : Business & Economics |
ISBN | : 080479720X |
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.
Author | : Leonie L. Stone |
Publisher | : Taylor & Francis |
Total Pages | : 105 |
Release | : 2021-10-28 |
Genre | : Business & Economics |
ISBN | : 1000524884 |
First Published in 1997. The explosive growth of world trade in the last three decades is unparalleled in history, both due to the rapid increase in volume and to the change in the composition of trade. Historically, trade between nations has consisted largely of exchanges of products that were very different from each other, neither closely substitutable in consumption nor production processes. However, in this latest period of trade expansion, the majority of the increase in world trade has been in manufactured goods, many of which are highly substitutable differentiated products. This has led to growth in intra-industry trade, the cross-shipment of similar products. This study links increased shares of intra-industry trade with growth in newly-industrializing countries. To examine these questions, this study first gives a review of existing literature, both theoretical and empirical. Five hypotheses on intra-industry trade are then discussed. A model is then presented and estimated, using data on bilateral trade between the United States and its five major trading partners, Canada, Japan, France, Germany, and the United Kingdom.
Author | : Peter John Lloyd |
Publisher | : Edward Elgar Publishing |
Total Pages | : 584 |
Release | : 2003 |
Genre | : Business & Economics |
ISBN | : |
This authoritative new collection presents a selection of previously published seminal articles that have led to the development of intra-industry trade theory and empirical research. Parts I and II cover the pioneering research in the 1960s and a number of models of intra-industry trade that were developed from 1979 to the present day. Parts III and IV look at the empirical research problems in the choice of measure of intra-industry trade and empirical studies that seek to identify the nature of this trade. Part V deals with the role of the multinational corporation and part VI completes the collection with articles that look at extensions to asset markets and applications to other problems such as the geography of trade and rules of origin. Intra-Industry Trade will be an invaluable source of reference to all international trade economists and libraries specialising in this area.
Author | : Nagwa Riad |
Publisher | : International Monetary Fund |
Total Pages | : 87 |
Release | : 2012-01-15 |
Genre | : Business & Economics |
ISBN | : 1463973101 |
Changing Patterns of Global Trade outlines the factors underlying important shifts in global trade that have occurred in recent decades. The emergence of global supply chains and their increasing role in trade patterns allowed emerging market economies to boost their inputs in high-technology exports and is associated with increased trade interconnectedness.The analysis points to one important trend taking place over the last decade: the emergence of China as a major systemically important trading hub, reflecting not only the size of trade but also the increase in number of its significant trading partners.
Author | : Ron P. Baiman |
Publisher | : Routledge |
Total Pages | : 369 |
Release | : 2015-02-12 |
Genre | : Business & Economics |
ISBN | : 1317462688 |
This volume covers the theoretical method, macroeconomics, microeconomics, international trade and finance, development, and policy of economic theory. It incorporates various alternative approaches as well as a broad spectrum of policy issues.
Author | : Robert Mitchell Stern |
Publisher | : World Scientific |
Total Pages | : 531 |
Release | : 2012 |
Genre | : Business & Economics |
ISBN | : 9814383473 |
Quantitative Analysis of Newly Evolving Patterns of International Trade offers a variety of perspectives on new forms and developments of international trade and related activities for Japan, the United States, China, and some other important trading countries, to develop new methods and data for measuring the factor contents of emerging new modes of international trade. Such methods and data are crucially important for evaluating impacts of the new modes on factor markets in the United States, Japan, and other major trading countries, and also for forecasting the future development of world trade and foreign direct investment (FDI), evaluating welfare gains from trade, estimating impacts of free trade agreements, and designing effective trade and FDI policies.
Author | : Nigel Grimwade |
Publisher | : Routledge |
Total Pages | : 446 |
Release | : 2003-09-02 |
Genre | : Business & Economics |
ISBN | : 1134731124 |
First Published in 1967. Routledge is an imprint of Taylor & Francis, an informa company.
Author | : Robert C. Feenstra |
Publisher | : University of Chicago Press |
Total Pages | : 603 |
Release | : 2010-03-10 |
Genre | : Business & Economics |
ISBN | : 0226239721 |
In less than three decades, China has grown from playing a negligible role in international trade to being one of the world's largest exporters, a substantial importer of raw materials, intermediate outputs, and other goods, and both a recipient and source of foreign investment. Not surprisingly, China's economic dynamism has generated considerable attention and concern in the United States and beyond. While some analysts have warned of the potential pitfalls of China's rise—the loss of jobs, for example—others have highlighted the benefits of new market and investment opportunities for US firms. Bringing together an expert group of contributors, China's Growing Role in World Trade undertakes an empirical investigation of the effects of China's new status. The essays collected here provide detailed analyses of the microstructure of trade, the macroeconomic implications, sector-level issues, and foreign direct investment. This volume's careful examination of micro data in light of established economic theories clarifies a number of misconceptions, disproves some conventional wisdom, and documents data patterns that enhance our understanding of China's trade and what it may mean to the rest of the world.
Author | : Marius Brülhart |
Publisher | : |
Total Pages | : 0 |
Release | : 1999 |
Genre | : Industries |
ISBN | : 9780585039350 |
The book offers an authoritative overview of the topical issues surrounding intra-industry trade in Europe in the era of European economic integration. It brings together expert contributors from eight of the European Union member states. The theory of intra-industry trade is discussed and assessed through a comprehensive study of the patterns of trade in Europe and the individual member states over a thirty year period. This detailed empirical analysis allows conclusions to be drawn on issues including the impact of international trade on the domestic economy. The book arises from a major multinational programme co-ordinated from the University of Nottingham.
Author | : Marc Bacchetta |
Publisher | : |
Total Pages | : 0 |
Release | : 2012 |
Genre | : Political Science |
ISBN | : 9789287038128 |
Trade flows and trade policies need to be properly quantified to describe, compare, or follow the evolution of policies between sectors or countries or over time. This is essential to ensure that policy choices are made with an appropriate knowledge of the real conditions. This practical guide introduces the main techniques of trade and trade policy data analysis. It shows how to develop the main indexes used to analyze trade flows, tariff structures, and non-tariff measures. It presents the databases needed to construct these indexes as well as the challenges faced in collecting and processing these data, such as measurement errors or aggregation bias. Written by experts with practical experience in the field, A Practical Guide to Trade Policy Analysis has been developed to contribute to enhance developing countries' capacity to analyze and implement trade policy. It offers a hands-on introduction on how to estimate the distributional effects of trade policies on welfare, in particular on inequality and poverty. The guide is aimed at government experts engaged in trade negotiations, as well as students and researchers involved in trade-related study or research. An accompanying DVD contains data sets and program command files required for the exercises. Copublished by the WTO and the United Nations Conference on Trade and Development