Changing trends in North-South trade contexts? An assessment of the intra-industry trade patterns between Germany and Nigeria
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Research Paper (undergraduate) from the year 2016 in the subject Economics - International Economic Relations, grade: 1,0, School of Oriental and African Studies, University of London (Department of Economics), language: English, abstract: The objective of this paper is to analyse whether and how recent North-South trade relations have been influenced by intra-industry trade patterns. The assumption is that there are continuous patterns of intra-industry trade within and outside the product categories the Northern and the Southern country trade with each other most commonly. However, they only...
Research Paper (undergraduate) from the year 2016 in the subject Economics - International Economic Relations, grade: 1,0, School of Oriental and African Studies, University of London (Department of Economics), language: English, abstract: The objective of this paper is to analyse whether and how recent North-South trade relations have been influenced by intra-industry trade patterns. The assumption is that there are continuous patterns of intra-industry trade within and outside the product categories the Northern and the Southern country trade with each other most commonly. However, they only represent a fraction of the otherwise dominating inter-industry type of trade. By analysing a case study of the bilateral trade between Germany and Nigeria, it is found that the nature of intra-industry trade is governed by two central causes: 1) the minor diversification of the Nigerian economy and low levels of trade in non-mineral products and 2) the revitalisation of traditional inter-industry trade dynamics brought about by the gradual move towards a Euro-African Free Trade Area.
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