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International Trade Networks Under Global Treaty Stability

Bulletin of Economic Research

Published online on

Abstract

The stability of international trade networks has been investigated using the pairwise stability concept. This concept is suitable to study the formation of bilateral agreements. However, it cannot be used to determine the stability of global trade agreements. This article proposes an alternative stability concept that can be adopted to determine the stability of global agreements such as the Doha agreement. This concept is named in this paper Global Treaty Stability.