Complexity and synchronization of the World trade Web
The complex topology of a network determines its dynamics. The world economy is now internationally connected through a globalization process of trading. The complex dynamical behaviors of the world economy have been studied as a dynamical system, but there does not seem to be any consideration of the effect of dynamics on the world trade network. In this paper, we attempt such a study and present the scale-free features of the degree distribution, as well as wealth and resource distributions on the World Trade Web (WTW). Moreover, the synchronization phenomenon of economic cycles on the WTW due to its scale-free features is discussed in detail.
Volume (Year): 328 (2003)
Issue (Month): 1 ()
|Contact details of provider:|| Web page: http://www.journals.elsevier.com/physica-a-statistical-mechpplications/|
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Li, Xiang & Chen, Guanrong, 2003. "A local-world evolving network model," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 328(1), pages 274-286.