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date: 21 October 2020

Abstract and Keywords

This article explores settings in which international trade takes place in insecure environments or, alternatively, in the shadow of power. The first setting focuses on the case of two countries when trade between them is itself insecure. There, the country that produces the more highly valued good tends to have a comparative disadvantage in arming, less power, and thus lower income. In a setting in which there is an insecure input, countries might prefer autarky to free trade, and that comparative advantage can be distorted relative to what would prevail in the absence of insecurity.

Keywords: international trade, insecure environments, autarky, free trade, comparative advantage

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