Topic
Economic interdependence
About: Economic interdependence is a research topic. Over the lifetime, 1357 publications have been published within this topic receiving 33469 citations.
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01 Jan 1992
TL;DR: A survey of empirical models of the 1970s, published in Economic Interdependence and Flexible Exchange Rates, edited by J. Bhandari (M.I.T. Press: Cambridge), in 1983, is here supplemented with a brief epilogue to update the literature to 1987 as mentioned in this paper.
Abstract: “Monetary and Portfolio-Balance Models of Exchange Rate Determination” was a survey of empirical models of the 1970s, published in Economic Interdependence and Flexible Exchange Rates , edited by J. Bhandari (M.I.T. Press: Cambridge), in 1983. It is here supplemented with a brief epilogue to update the literature to 1987, including some skeptical observations on recent claims that “random walk” results constitute evidence in favor of an “equilibrium” model of the exchange rate.
465 citations
TL;DR: For instance, this article pointed out that most nations in the region now see China as a good neighbor, a constructive partner, a careful listener, and a nonthreatening regional power.
Abstract: pinnings of international relations in Asia are undergoing profound change, and the rise of China is a principal cause. Other causes include the relative decline of U.S. inouence and authority in Asia, the expanding normative inouence of the Association of Southeast Asian Nations (ASEAN) and the growth of regional multilateral institutions, increased technological and economic interdependence throughout the region, and the amelioration of several formerly antagonistic bilateral relationships. As a result of these processes, the structure of power and the nature of the regional system are being fundamentally altered. China’s growing economic and military power, expanding political inouence, distinctive diplomatic voice, and increasing involvement in regional multilateral institutions are key developments in Asian affairs. China’s new proactive regional posture is reoected in virtually all policy spheres— economic, diplomatic, and military—and this parallels China’s increased activism on the global stage.1 Bilaterally and multilaterally, Beijing’s diplomacy has been remarkably adept and nuanced, earning praise around the region. As a result, most nations in the region now see China as a good neighbor, a constructive partner, a careful listener, and a nonthreatening regional power. This regional perspective is striking, given that just a few years ago, many of China’s neighbors voiced growing concerns about the possibility of China becoming a domineering regional hegemon and powerful military threat. Today these views are muted. China’s new conadence is also reoected in how it perceives itself, as it gradually sheds its dual identity of historical victim and object of great power manipulation. These phenomena have begun to attract
449 citations
Book•
01 Jan 1988
TL;DR: This article argued that the limited protectionist response of the 1970s stems from the growth of firms' international economic ties, which reduces their interest in protection by increasing its cost, thus firms with greater international connections will be less protectionist than more domestically oriented firms.
Abstract: Why didn't the protectionist spiral of the 1920s reappear in the 1970s in light of similar economic and political realities? In "Resisting Protectionism," Helen Milner analyzes the growth of international economic interdependence and its effects on trade policy in the United States and France. She argues that the limited protectionist response of the 1970s stems from the growth of firms' international economic ties, which reduces their interest in protection by increasing its cost. Thus firms with greater international connections will be less protectionist than more domestically oriented firms. The book develops this thesis by examining the international ties of export dependence, multinationality, and global intra-firm trade. After studying selected U.S. industries, Milner also examines French firms to see if they respond to increased interdependence in the same way as American firms, despite their different historical, ideological, and political contexts.
442 citations
TL;DR: In this article, the authors provide a new dynamic theory to help overcome some of the theoretical and empirical problems with current liberal and realist views on the question of whether economic interdependence increase or decrease the probability of war among states.
Abstract: I D o e s economic interdependence increase or decrease the probability of war among states? With the Cold War over, this question is taking on importance as trade levels between established powers such as the United States and Russia and emerging powers such as Japan, China, and Western Europe grow to new heights. In this article, I provide a new dynamic theory to help overcome some of the theoretical and empirical problems with current liberal and realist views on the question. The prolonged debate between realists and liberals on the causes of war has been largely a debate about the relative salience of different causal variables. Realists stress such factors as relative power, while liberals focus on the absence or presence of collective security regimes and the pervasiveness of democratic communities.’ Economic interdependence is the only factor that plays an important causal role in the thinking of both camps, and their perspectives are diametrically opposed. Liberals argue that economic interdependence lowers the likelihood of war by increasing the value of trading over the alternative of aggression: interdependent states would rather trade than invade. As long as high levels of
401 citations
TL;DR: The authors examined the implications of international production fragmentation for global and regional trade patterns, with special emphasis on countries in East Asia, and found that, while trade in parts and components has generally grown faster than total world manufacturing trade, the degree of dependence of East Asia on this new form of international specialization is proportionately larger than in North America and Europe.
370 citations