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Intra-Industry Trade calls for us to rethink what trade most often looks like and how it shapes global institutions, fostering peace among states. Cameron G. Thies and Timothy M. Peterson argue that our understanding of trade has not kept pace with its changing nature in the 21st century; existing models, rooted in Ricardo's theories, regard trade uniformly as taking place between entities and countries that offer different commodities and operate according to the logic of comparative advantage. Though this type of exchange does take place, intra-industry trade—international trade of the same or similar commodities, in which foreign and domestic brands compete—is increasingly prevalent. The authors argue that our current academic and policymaking focus on the total volume of trade, rather than its composition, is misplaced. Trade composition matters, not just because it gives us a fuller understanding of how trade works, but also because intra-industry trade increases the likelihood of positive institutional relations and cooperation between states. To illustrate their point, the authors examine the effects that intra-industry trade has on Preferential Trade Agreement formation, its tendency to lessen World Trade Organization disputes and militarized conflict, and its ability to pave the way for new and fortified alliances.

Intra-industry trade. --- International trade. --- International economic relations. --- International relations --- Coexistence --- Foreign affairs --- Foreign policy --- Foreign relations --- Global governance --- Interdependence of nations --- International affairs --- Peaceful coexistence --- World order --- National security --- Sovereignty --- World politics --- Economic policy, Foreign --- Economic relations, Foreign --- Economics, International --- Foreign economic policy --- Foreign economic relations --- International economic policy --- International economics --- New international economic order --- Economic policy --- Economic sanctions --- External trade --- Foreign commerce --- Foreign trade --- Global commerce --- Global trade --- Trade, International --- World trade --- Commerce --- International economic relations --- Non-traded goods --- Intra-industry international trade --- Trade overlap --- Two-way trade --- Economic aspects. --- Intra-industry trade --- International trade --- Economic aspects --- E-books

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Politics --- Didactics of higher education

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"In Rising Powers and Foreign Policy Revisionism, Cameron Thies and Mark Nieman examine the identity and behavior of the BRICS (Brazil, Russia, India, China, and South Africa) in light of concerns that rising powers may become more aggressive and conflict-prone. The authors develop a theoretical framework that encapsulates pressures for revisionism through the mechanism of competition, and pressures for accommodation and assimilation through the mechanism of socialization. The identity and behavior of BRICS should be a product of these two forces as mediated by their domestic foreign policy processes. State identity is investigated qualitatively by using role theory and identifying national role conceptions, while economic and militarized conflict behavior are examined using Bayesian change-point modeling, which identifies structural breaks in a time series of data revealing potential wholesale revision of foreign policy. Using this innovative approach to show the behavior of rising powers is not simply governed by the structural dynamics of power, but also by the roles these rising powers define for themselves, they assert this process will likely lead to a much more evolutionary approach to foreign policy and will not necessarily generate international conflict"--

World politics --- BRIC countries --- Foreign relations. --- Foreign economic relations.