Intra-industry trade

Reply Sat 17 Dec, 2016 12:00 pm

Can anyone clearly and in detail explain to me about intra-industry trade and more specific the Grubel-Lloyd index? I know how to calculate the index, but I mean what is the actual meaning when it is higher to one or zero?
Which factors influence intra-industry trade?
Why is it important for economics?

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cicerone imposter
Reply Sat 17 Dec, 2016 03:48 pm
Study Boeing Airplane Company. They're a good example of intra-industry trade.

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