Description: In Intra-Industry Trade, Cameron G. Thies and Timothy M. Peterson call for us to rethink how we define trade and how it shapes global institutions. Arguing that existing models, rooted in Ricardo's theories, have not kept pace with the changing nature of trade, they argue that a greater proportion of intra-industry trade plays a significant role in pacifying security relations and institutionalizing economic relations in the contemporary global system.
Review Quotes: "The political implications of trade have been studied for centuries, and it is rare that a book comes along that is able to shed new light on such a well-covered topic. Thies and Peterson manage to do just that by focusing on the particular consequences of intraindustry trade on the phenomena of cooperation and conflict in world politics....[T]his is a book that balances empirical rigor with accessible arguments suitable for any student of political science or global studies....[T]he research here provides a roadmap for how to improve upon the way we study the complex but not incomprehensible link between trade and political outcomes such as conflict and cooperation."--Mark Crescenzi, International Studies Review