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Pitfalls in the Theory of International Trade Policy: Concertina Reforms of Tariffs and Subsidies to HIgh-Technology Industries.

Abstract:

This paper explores the links between international trade theory and the practice of trade and industrial policy in open economies, with special attention to three areas where theoretical lessons have been misunderstood in policy debates. It argues that the 'concertina rule' for tariff reform justifies reductions in high tariffs, but not moves towards uniformity and particularly not increases in low tariffs. It shows that the basic principles of tariff reform are the same in unilateral, multi...

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Publisher:
CEPR
Volume:
1740
Series:
C.E.P.R.Discussion Papers
Host title:
C.E.P.R.Discussion Papers
Publication date:
1997-01-01
Paper number:
1740
Language:
English
UUID:
uuid:4559a36c-5348-4182-8f73-ec5050a68180
Local pid:
oai:economics.ouls.ox.ac.uk:11741
Deposit date:
2011-08-16

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