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The pacifying effect of economic interdependence on conflict onset can be better understood in the context of "noisy" bargaining. Specifically, trading states bargain under less noisy conditions and, as a result, are unlikely to engage in militarized conflict. Noise is introduced into a generic...
Persistent link: https://www.econbiz.de/10010802127
international trade. Together, these results suggest that the negative correlation between openness and conflict emerges because … stability facilitates international trade rather than because trade flows reduce internal conflict. …
Persistent link: https://www.econbiz.de/10009367564
Preferential trade agreements (PTAs) in the Asia-Pacific region have proliferated rapidly over the past five years and … are creating a complex web of intersecting bilateral and regional trade agreements. This paper describes the proliferation …
Persistent link: https://www.econbiz.de/10005599528
effect of the agreement in spurring a dramatic increase in trade and financial flows between Mexico and its NAFTA partners … regional free trade arrangements should be used to accelerate, rather than postpone, needed structural reform. …
Persistent link: https://www.econbiz.de/10005599680
of war by increasing the weight of trading over the alternative of aggression; interdependent states would rather trade …
Persistent link: https://www.econbiz.de/10012159691
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removes their capacity to strike. Weapons can serve as a means of deterrence. In four treatments, we find that deterrence is … beneficial trade decreases the risk of confrontation, but not necessarily the likelihood of costly arms races. …
Persistent link: https://www.econbiz.de/10012029792