Social Sciences
4 years ago

Trade integration fosters peace, reducing conflict between nations significantly.

Review of Development Economics
Does Trade Integration Contribute to Peace?
Jong‐Wha Lee, Ju Hyun Pyun

Paper Summary

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Trade integration promotes peace between countries. More trade between nations leads to less chance of military conflict. This effect is stronger for countries that share borders. Global trade openness also reduces the likelihood of war, especially for countries far apart. These findings hold true even when considering other factors that influence trade and peace.