Article thumbnail

Inefficient stable international trade networks

By D.E. May

Abstract

A recent study in the area of international trade networks found that global free trade (GFT) is pairwise stable. This finding has led to the conclusion that bilateralism is a building block for GFT. The current article uses an alternative stability concept to show that international networks other than GFT are the only stable networks when governments are politically biased. The main implication of this finding is that the use of bilateral agreements as a political tool to reach GFT can in fact lead to inefficient stable networks

Year: 2015
DOI identifier: 10.1177/2321022215577547
OAI identifier: oai:hau.collections.crest.ac.uk:15275
Download PDF:
Sorry, we are unable to provide the full text but you may find it at the following location(s):
  • http://hau.repository.guildhe.... (external link)
  • Suggested articles


    To submit an update or takedown request for this paper, please submit an Update/Correction/Removal Request.