Book chapter
Trade in the Shadow of Power
The Oxford Handbook of the Economics of Peace and Conflict
20 Apr 2012
Abstract
This article explores settings in which international trade takes place in insecure environments or, alternatively, in the shadow of power. The first setting focuses on the case of two countries when trade between them is itself insecure. There, the country that produces the more highly valued good tends to have a comparative disadvantage in arming, less power, and thus lower income. In a setting in which there is an insecure input, countries might prefer autarky to free trade, and that comparative advantage can be distorted relative to what would prevail in the absence of insecurity.
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11 citations in Scopus
Details
- Title
- Trade in the Shadow of Power
- Creators
- Stergios Skaperdas - University of California, IrvineConstantinos Syropoulos - Drexel UniversityMichelle R Garfinkel - University of California, Irvine
- Contributors
- Stergios Skaperdas (Editor) - University of California, IrvineMichelle R Garfinkel (Editor) - University of California, Irvine
- Publication Details
- The Oxford Handbook of the Economics of Peace and Conflict
- Series
- Oxford Handbooks
- Publisher
- Oxford University Press
- Resource Type
- Book chapter
- Language
- English
- Academic Unit
- Economics (School of Economics)
- Scopus ID
- 2-s2.0-84923435138
- Other Identifier
- 991019173947704721