Inter- and Intra-Industry Trade Operations Analytical Essay by Nicky

Inter- and Intra-Industry Trade Operations
A look at the concepts of of inter- and intra-industry trade with a focus on trade operations conducted by the European Union.
# 147128 | 2,508 words | 15 sources | APA | 2010 | US
Published on Feb 27, 2011 in Economics (International) , International Relations (General)


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Description:

This paper examines how the field of international trade has captured the attention of numerous scholars and proof of this stands the wide palette of writings on the issues of international trade. The writer explains how new features emerged and new concepts were developed, such as intra-industry trade and inter-industry trade. This paper is focused on presenting these two concepts and demonstrating how they apply in the cases of the trade operations conducted by the European Union. This paper contains tables.

Outline:
Introduction
Intra and Inter-Industry Trade
Inter- and Intra-Industry Trade within the European Union
Inter- and Intra-Industry Trade between the European Union and China
Enlargement of the European Union and Intra-Industry Trade
Conclusions

From the Paper:

"The intra-industry trade within the European Union is influenced by industry features. These can be grouped into two categories - vertical differences and horizontal differences. The vertical refers to differences in product quality, whereas the horizontal refers to differences in product characteristics. This specification was necessary in a context in which the European consumers of the past recent decades began to demand more different products, rather than differentiated products; the emphasis was placed on a horizontal integration rather than vertical integration. Consequently then, inter-industry trade became dominant over intra-industry trade. There are however exceptions of countries such as Greece, Finland, or Portugal, where vertical integration is highly powerful. In these regions for instance, intra-industry trade based on quality consists 80 up to 90 percent of all internal trade operations (Kahler, 1998). "

Sample of Sources Used:

  • Forstner, H., Balance, R.H., 1990, Competing in a Global Economy: An Empirical Study on Specialization and Trade in Manufactures, Routledge, ISBN 0044456190
  • Fosu, A.K., Nsouli, S.M., Varoudakis, A., 2001, Policies to Promote Competitiveness in Manufacturing in Sub-Saharan Africa: Develop Centre Seminars with the IMF and the AERC, OECD Publishing, ISBN 9264187057
  • Freinkman, L.M., Polyakov, E., Revenco, C., Trade Performance and Regional Integration of the CIS Countries, World Bank Publications, ISBN 0821358960
  • Grimwade, N., 2000, International Trade: New Patters of Trade, Production and Investment, 2nd Edition, Routledge, ISBN 0415156262
  • Hunt, E.K., 2002, History of Economic Thought: A Critical Perspective, M.E. Sharpe, ISBN 0765606070

Cite this Analytical Essay:

APA Format

Inter- and Intra-Industry Trade Operations (2011, February 27) Retrieved January 28, 2022, from https://www.academon.com/analytical-essay/inter-and-intra-industry-trade-operations-147128/

MLA Format

"Inter- and Intra-Industry Trade Operations" 27 February 2011. Web. 28 January. 2022. <https://www.academon.com/analytical-essay/inter-and-intra-industry-trade-operations-147128/>

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