Intra–Industry Trade – Cooperation and Conflict in the Global Political Economy

Intra-Industry TradeCooperation and Conflict in the Global Political Economy\nAuthor(s): Cameron Thies, Timothy M. Peterson\nFormat: Hardback\nPublisher: Stanford University Press, United States\nImprint: Stanford University Press\nISBN-13: 9780804791335, 978-0804791335\nSynopsis\nIntra-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 tradeinternational trade of the same or similar commodities, in which foreign and domestic brands competeis increasingly prevalent. The authors argue that.