In 'Intra-Industry Trade', Cameron G. Thies and Timothy M. Peterson call for us to rethink how we define trade and how it shapes global institutions. Arguing that existing models, rooted in Ricardo's theories, have not kept pace with the changing nature of trade, they argue that…
In 'Intra-Industry Trade', Cameron G. Thies and Timothy M. Peterson call for us to rethink how we define trade and how it shapes global institutions. Arguing that existing models, rooted in Ricardo's theories, have not kept pace with the changing nature of trade, they argue that…
Our understanding of trade has not kept pace with its changing nature. Existing models, rooted in Ricardo's theories, describe trade between parties that offer different commodities and operate according to the logic of comparative advantage. Though this type of exchange does ta…