Emerging Frontiers in the Global Economy Intra-Industry Trade: Cooperation and Conflict in the Global Political Economy, (Hardcover)

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 a greater proportion of intra-industry trade plays a significant role in pacifying security relations and institutionalizing economic relations in the contemporary global system.