1. The Vulnerability of Markets: Third Party Markets and Expectations of Future Trade- Examining the Anglo-Dutch and Genoese-Venetian Trade Rivalries.
- Author
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Moriarty II, Jerome Thomas
- Subjects
- *
INTERNATIONAL trade , *INTERNATIONAL relations ,GREAT Britain-Netherlands relations ,HISTORY of Venice, Italy, 697-1508 - Abstract
The importance of trade and its significance to national power and state survival has always been well appreciated and studied. While much attention has been lavished on the possible correlation between interdependence and conflict, unfortunately, an important variable has been largely left ignored. This "ignored" variable centers on the dependence countries possess not with one another, but with "third party markets." How does trade competition over third party markets factor in a country's cost/benefit calculations regarding the likelihood of war? Can this variable play a role in creating disincentives for conflict, as many argue interdependence can? Or do trade rivalries over markets create fears of vulnerability when the competition becomes asymmetrical? Consequently, by simply examining the levels of interdependence between states and its relationship between war and peace, scholars are missing an important element in the study of trade and conflict. Rectifying this omission is the central theme of this paper. The Genoese-Venetian rivalry of the 12th and 13th centuries and the Anglo-Dutch rivalry of the seventeenth century offer important insights into the exploration of how and why competitions for markets create the conditions for war or peace. This paper will argue that Trade Expectations Theory provides a more complete understanding of trade competition over third party markets and its casual relationship to conflict can be obtained. ..PAT.-Unpublished Manuscript [ABSTRACT FROM AUTHOR]
- Published
- 2008