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This paper presents a comprehensive but relatively brief historical survey of U.S. trade-policy over the last 75 years. It is aimed at individuals who are not already familiar with the concepts and terminology used in discussions of trade policy and the domestic and international institutional...
Persistent link: https://www.econbiz.de/10013150733
In this paper we explore the popular but controversial idea that developing countries benefit from abandoning policy neutrality vis-a-vis trade, FDI and resource allocation across industries. Are developing countries justified in imposing tariffs, subsidies, and tax breaks that imply distortions...
Persistent link: https://www.econbiz.de/10013151144
economy that takes as given the price of imports and the demand schedules for its exports (a quot;small economyquot;). We …, or an import tariff allow our small economy to deal with two distortions that we identify and thereby reach its first …
Persistent link: https://www.econbiz.de/10012775477
The purpose of this paper is to describe United States trade policy since World War II, and to assess the possibility for ongoing U.S.trade-policy leadership. U.S. trade policy has shown remarkable consistency since World War II. It has never been as purely free-trade-focussed as some...
Persistent link: https://www.econbiz.de/10012760346
most-favored nation status for China. We first review recnet political economy models of trade policy and then presenting a …
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