This paper presents a simple partial equilibrium framework for considering the economic implications of administered protection in Tanzania, against the background of the country’s parallel exchange market and the establishment of the own-funds and open general license (OGL) facilities for...

Theory and policy experienced a number of essential changes. Starting in 19th century from deliberations on factor endowments and trade, as a consequence of new and hardly envisioned trade patterns in the 20th century. While theory was rather quick in taking up these new developments, policy...