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Social and Behavioral Sciences Commons™
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Articles 1 - 3 of 3
Full-Text Articles in Social and Behavioral Sciences
War And Democracy, Gregory Hess, Athanasios Orphanides
War And Democracy, Gregory Hess, Athanasios Orphanides
CMC Faculty Publications and Research
We present a general equilibrium model of conflict to investigate whether the prevalence of democracy is sufficient to foster the perpetual peace hypothesized by Immanuel Kant and whether the world would necessarily become more peaceful as more countries adopt democratic institutions. Our exploration suggests that neither hypothesis is true. The desire of incumbent leaders with unfavorable economic performance to hold on to power generates an incentive to initiate conflict and salvage their position—with some probability. An equilibrium with positive war frequency is sustained even if all nations were to adopt representative democratic institutions and even in the absence of an …
Production Networks In An Economically Integrated Region, Sven W. Arndt
Production Networks In An Economically Integrated Region, Sven W. Arndt
CMC Faculty Publications and Research
This article discusses an approach to "open regionalism" based on regional production networks and component specialization. Component specialization, or intra-product trade, has been shown to be welfare-enhancing. It creates jobs and raises output by improving competitiveness. It is one of the innovative features of the current phase of globalization. It offers groups of small countries opportunities to make regionalism work in ways which the traditional European model does not. It is less discriminatory and less inward-looking than the European model. It stresses regulatory reform and the creation of a single market early in the process of regional economic integration. The …
Preference Areas And Intra-Product Specialization, Sven W. Arndt
Preference Areas And Intra-Product Specialization, Sven W. Arndt
CMC Faculty Publications and Research
The theory of preferential trade liberalizations has traditionally focused on trade in final products rather than components and parts. It has also seen such agreements in the main as trade agreements, although its insights have been applied successfully to the creation of Europe's Single Market, the so-called "Europe 1992" project. It has tended as well to focus on agreements involving countries at relatively similar stages of economic development. Inauguration of the North American Free Trade Agreement (NAFTA), on the other hand, has drawn attention to trade in components, to regional investment liberalization, and to preferential agreements linking developed and developing …