| Título: | WHICH COUNTRY LOSES THE LEAST IN A TRADE WAR? |
| Autores: |
Gaisford, James D. Kerr, William A. |
| Fecha: |
2006-10-11 2007-03-07 2006-10-11 2007-03-07 1992-12 |
| Publicador: | AgEcon |
| Fuente: |
 |
| Tipo: | Journal Article |
| Tema: | International Relations/Trade |
| Descripción: | Trade actions, which can generally be claimed as trade wars, appear to be on the rise. This is particularly true in the case of agricultural commodities. It is a common perception that large countries will be the victors in such contests and this clearly affects the trade strategies of small countries, including Australia. The relationship between free-trade and trade-war pay-offs in the context of a prisoner's dilemma is explored in this paper. It is shown why neither a favourable terms of trade movement, a flatter import demand curve nor a larger population is, on its own, a sufficient condition for a relative victory in a trade war. The implications for small country trade strategies are then discussed. |
| Idioma: |
English en |
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