Abstract
Intra-industry trade may be broadly defined as the situation where countries simultaneously import and export what are essentially the same products. So, for example, the United Kingdom both exports cars to Sweden and imports them. The European Community imports wheat from the United States and exports wheat to third countries.
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© 1994 Bo Södersten and Geoffey Reed
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Södersten, B., Reed, G. (1994). Intra-industry Trade. In: International Economics. Palgrave, London. https://doi.org/10.1007/978-1-349-15030-4_8
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DOI: https://doi.org/10.1007/978-1-349-15030-4_8
Publisher Name: Palgrave, London
Print ISBN: 978-0-333-76365-0
Online ISBN: 978-1-349-15030-4
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