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| Author: | Camino, D. Cardone, C. |
| Title: | Countertrade and the choice of strategic trading form |
| Journal: | Scandinavian Journal of Management
1998 : VOL. 14:1/2, p. 103-119 |
| Index terms: | SCANDINAVIA MANAGEMENT COUNTERTRADE |
| Language: | eng |
| Abstract: | Reciprocal trade agreements, usually known under the generic name of countertrade (CT) have been traditionally seen as a form of bilateralism, and thus a an inefficient form of international exchange. Although contemporary trade theories do not fully explain the increasing prevalence of CT transactions, the authors argue that it is possible to construct and use a third (hybrid) institutional form, which is congruent with the transaction-cost theories, and they show how countertrade can reduce transaction costs while conserving the efficiency gains generated by these specific arrangements. |
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