Business

Varieties of Regional Integration, International Trade Networks and Risk

1 day ago   |   By The World Economy

Abstract
This paper explores the relationship between regional integration models and trade network structures. The paper further investigates the implications of these trade relationship configurations on risk. The exploratory study models the European Union and the Association of Southeast Asian Nations as networks: countries in each region are nodes connected by lines representing commodity trade flows. The study compares the evolution of the two regional networks over a 25‐year period. The results confirm that different regional integration models lead to differently‐structured...
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