This authoritative collection presents the most important published
articles on barter and countertrade from early scepticism to the
recent sophisticated theoretical models and empirical evidence. The
papers selected focus upon the policy and managerial implications
of barter and countertrade and explain the reasoning behind these
arrangements in an environment characterized by transaction
difficulties. They demonstrate that appropriately designed
transactional governance is crucial for the efficiency of
successful trading relationships between different parties. The
Economics of Barter and Countertrade is a timely collection due to
the resurgence of barter and countertrade following the Russian and
Asian financial crises. It is an essential reference source for
those with an interest in trade and international economic
relations.
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