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The struggle for existence in the world market ecosystem.
- Source :
- PLoS ONE; 10/3/2018, Vol. 13 Issue 10, p1-20, 20p
- Publication Year :
- 2018
-
Abstract
- The global trade system can be viewed as a dynamic ecosystem in which exporters struggle for resources: the markets in which they export. We can think that the aim of an exporter is to gain the entirety of a market share (say, car imports from the United States). This is similar to the objective of an organism in its attempt to monopolize a given subset of resources in an ecosystem. In this paper, we adopt a multilayer network approach to describe this struggle. We use longitudinal, multiplex data on trade relations, spanning several decades. We connect two countries with a directed link if the source country’s appearance in a market correlates with the target country’s disappearing, where a market is defined as a country-product combination in a given decade. Each market is a layer in the network. We show that, by analyzing the countries’ network roles in each layer, we are able to classify them as out-competing, transitioning or displaced. This classification is a meaningful one: when testing the future export patterns of these countries, we show that out-competing countries have distinctly stronger growth rates than the other two classes. [ABSTRACT FROM AUTHOR]
- Subjects :
- INTERNATIONAL trade
FREE trade
MARKET share
MARKET penetration
MARKET erosion
Subjects
Details
- Language :
- English
- ISSN :
- 19326203
- Volume :
- 13
- Issue :
- 10
- Database :
- Complementary Index
- Journal :
- PLoS ONE
- Publication Type :
- Academic Journal
- Accession number :
- 132115801
- Full Text :
- https://doi.org/10.1371/journal.pone.0203915