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      TRADE AS IF PEACE MATTERS

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      World Review of Political Economy
      Pluto Journals
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            Abstract

            Beginning with some fundamental questions about trade and trade-related conflicts, contradictions, and failures, this article presents a critique of available trade theories that have so far failed to stand up to the test as regards pro-trade arguments. Smith-Ricardo trade produces a static, hierarchical world filled with exploitation. Japan has the structural and cultural strength to break the Ricardian shackles, but only replicates the inequitable pattern inside the center. The self-reliance model aimed at equitable relations, but was caught in a static world of mutually isolated layers. The fourth model of externality cooperation takes a fresh approach in searching for equitable economic transaction, through dialogue at all levels to identify the externalities and to agree on cooperative approaches, and through widening concern, not only guided by selfinterest, but also by other-interest. The result is a trade pattern that is both dynamic and equitable.

            Content

            Author and article information

            Journal
            worlrevipoliecon
            10.2307/j50005553
            World Review of Political Economy
            Pluto Journals
            2042891X
            1 July 2010
            : 1
            : 2
            : 197-208
            Article
            10.2307/41942914
            dba38387-995d-43c9-89b3-167f43e8b036
            © WORLD ASSOCIATION FOR POLITICAL ECONOMY 2010

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            Political economics

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