Topology of Reciprocal Trade Agreements – A New PerspectiveJournal of International Business and Economics
AbstractThe topology of the worldwide network of reciprocal trade agreements is evolving in ways that defy conventional wisdom. It is at odds with the triad hypothesis, that is, a view of the world consisting of three mutually isolated major blocs, structured in a hub and spoke fashion - Americas with US as the hub, Europe with European Union as the hub and Asia with Japan as the hub. Moreover, many new agreements, traditionally called ‘regional’, are actually inter-regional. In order to make sense of these developments, we charted the evolution of the network using social network analysis and arrived at a new perspective on its topology.
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Citation InformationSuresh Singh and Sundaram Dorai. "Topology of Reciprocal Trade Agreements – A New Perspective" Journal of International Business and Economics (2015)
Available at: http://works.bepress.com/suresh-singh/3/