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Zusatztext "A key contribution of the book is the recommendation of a new theory that suggests a clear, causal relationship between trade and international cooperation. Although economists have developed models and theories that explain the composition of trade, there has been little or no research on the impact of such composition on global politics....[T]he new findings concerning the composition of trade are worth reading." Informationen zum Autor Cameron G. Thies is Professor of Political Science and Director of the School of Politics and Global Studies at Arizona State University. Timothy M. Peterson is an Associate Professor of Political Science at the University of South Carolina. Klappentext Cameron G. Thies is Professor of Political Science and Director of the School of Politics and Global Studies at Arizona State University. Timothy M. Peterson is an Associate Professor of Political Science at the University of South Carolina. Zusammenfassung 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. Inhaltsverzeichnis Contents and Abstracts1Trade Composition and the Global Political Economy chapter abstract This chapter introduces the distinction between intra-industry and inter-industry trade, highlighting the qualitative shift in the nature of trade over the past several decades. It also introduces the research question that serves as motivation for the book: Why does trade appear to be such a powerful force for peace and cooperation today if it was not so historically? The chapter then discusses why the emergence of intra-industry trade could explain this change in the relationship between trade and international politics. 2Conceptualizing and Operationalizing Intra-Industry Trade chapter abstract This chapter discusses the several challenges associated with measuring intra-industry trade. The argument is advanced in favor of using the bilateral, two-way trade of commodities at the Standard International Trade Classification (SITC) 4-digit level as a measure of intra-industry trade best suited to capture states' propensity for cooperation. The chapter concludes with a discussion of how intra-industry trade varies over time. 3Cooperating to Compete: Intra-industry Trade and the Formation of Preferential Trade Agreements chapter abstract This chapter models preferential trade agreement (PTA) formation as a competitive process, demonstrating that the presence of bilateral intra-industry trade informs us as to which states will form PTAs. This follows because (1) firms benefit from larger markets and increased efficiency, potentially gaining ...
