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. …

When appropriation possibilities are overlooked, the predictions of standard trade models can be misleading. Trade … end we incorporate appropriation possibilities into the simplest model of trade: the Edgeworth box model o f pure exchange …. The model predicts that exchange will occur between a Defender and an Attacker, but the terms and volume of trade will be …

towards meeting overly ambitious objectives; (ii) small changes in the destination of trade across all Regional Economic … Communities, indicative of persistent high trade costs and few new manufactures products destined for geographically close markets … high number of provisions not covered in Word Trade Organization negotiations, but these have low legal enforceability …

towards meeting overly ambitious objectives; (ii) small changes in the destination of trade across all Regional Economic … Communities, indicative of persistent high trade costs and few new manufactures products destined for geographically close markets … high number of provisions not covered in Word Trade Organization negotiations, but these have low legal enforceability …

Regional trade arrangements (RTAs) in Africa have been ineffective in promoting trade and foreign direct investment …. Relatively high external trade barriers and low resource complementarity between member countries limit both intra- and … extraregional trade. Small market size, poor transport facilities and high trading costs make it difficult for African countries to …

gain from doing so. Again, rivalry contributes to the phenomenon: a supplier who buys out the maverick would fall behind …