The Politics of Free-Trade Agreements.
Suppose that an opportunity arises for two countries to negotiate a free-trade agreement. Will a free-trade agreement between these countries be politically viable and, if so, what form will it take? The authors address these questions using a political-economy framework that emphasizes the interaction between industry special-interest groups and an incumbent government. They describe the economic conditions necessary for a free-trade agreement to be an equilibrium outcome, both for the case when the agreement must cover all bilateral trade and for the case when a few politically sensitive sectors can be excluded from the agreements. Copyright 1995 by American Economic Association.
Year of publication: |
1995
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Authors: | Grossman, Gene M ; Helpman, Elhanan |
Published in: |
American Economic Review. - American Economic Association - AEA. - Vol. 85.1995, 4, p. 667-90
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Publisher: |
American Economic Association - AEA |
Saved in:
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