-stage game with three competing importers, where fi rst, two of the countries decide on whether to initiate war against each …), but could render the eruption of war between member and non-member countries more likely (peace diversion). This paper is … literature to endogenize countries terms of trade. We use data from the Correlates of War project to empirically test these …

This paper investigates the reason why Korea's export suddenly and rapidly expanded in the early 1960s. By doing so, it … Korea's rapid growth and industrialization. Evidences this paper finds indicate that three devaluations in quick succession …