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Books > Business & Economics > Economics > International economics > International trade
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Time Zones, Communications Networks, and International Trade (Paperback)
Loot Price: R1,495
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Time Zones, Communications Networks, and International Trade (Paperback)
Series: Routledge Studies in the Modern World Economy
Expected to ship within 12 - 19 working days
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Advances in digital technology have driven large decreases in the
costs of data transfer and telecommunications. There is a
consequent increase in many kinds of international trade. One of
the fastest-growing parts of this industry is "remote maintenance"
whereby Indian companies debug software for companies in other
parts of the world, often taking advantage of time zone differences
to offer overnight service. In the existing literature on trade
theory, however, relatively few attempts have been made to address
the theme of communications networks and the role of time zones.
The main purpose of this book is to illustrate, with simple models
of international trade, how the introduction of communications
networks and the utilization of time zone differences can affect
both the structure of international trade and world welfare. Other
technological aspects of recent international trade (e.g.,
competition between international standards, the impact of
switching costs on imported products' introduction) are also
examined. Although a focus on theoretical trade models, the book
will appeal to scholars, policy makers and business units who wish
to learn from the recent changes in communications networks and its
impact on the global economy. It provides information and
suggestions for better policy formulation in the fast-changing
world economy.
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