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

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. The author argues that the 'concertina rule' for ta...

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Главный автор: Neary, J
Формат: Journal article
Язык:English
Опубликовано: 1998
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author Neary, J
author_facet Neary, J
author_sort Neary, J
collection OXFORD
description 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. The author argues that the 'concertina rule' for tariff reform justifies reductions in high tariffs but not moves toward uniformity and particularly not increases in low tariffs. He shows that the basic principles of tariff reform are the same in unilateral, multilateral, and customs union contexts. Finally, the author suggests that the theory of strategic trade policy does not justify subsidies to high-technology industries.
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spelling oxford-uuid:c4a2d14f-3f9f-42ee-a16d-9bef66291b8c2022-03-27T06:24:57ZPitfalls in the Theory of International Trade Policy: Concertina Reforms of Tariffs, and Subsidies to High-Technology Industries.Journal articlehttp://purl.org/coar/resource_type/c_dcae04bcuuid:c4a2d14f-3f9f-42ee-a16d-9bef66291b8cEnglishDepartment of Economics - ePrints1998Neary, JThis 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. The author argues that the 'concertina rule' for tariff reform justifies reductions in high tariffs but not moves toward uniformity and particularly not increases in low tariffs. He shows that the basic principles of tariff reform are the same in unilateral, multilateral, and customs union contexts. Finally, the author suggests that the theory of strategic trade policy does not justify subsidies to high-technology industries.
spellingShingle Neary, J
Pitfalls in the Theory of International Trade Policy: Concertina Reforms of Tariffs, and Subsidies to High-Technology Industries.
title Pitfalls in the Theory of International Trade Policy: Concertina Reforms of Tariffs, and Subsidies to High-Technology Industries.
title_full Pitfalls in the Theory of International Trade Policy: Concertina Reforms of Tariffs, and Subsidies to High-Technology Industries.
title_fullStr Pitfalls in the Theory of International Trade Policy: Concertina Reforms of Tariffs, and Subsidies to High-Technology Industries.
title_full_unstemmed Pitfalls in the Theory of International Trade Policy: Concertina Reforms of Tariffs, and Subsidies to High-Technology Industries.
title_short Pitfalls in the Theory of International Trade Policy: Concertina Reforms of Tariffs, and Subsidies to High-Technology Industries.
title_sort pitfalls in the theory of international trade policy concertina reforms of tariffs and subsidies to high technology industries
work_keys_str_mv AT nearyj pitfallsinthetheoryofinternationaltradepolicyconcertinareformsoftariffsandsubsidiestohightechnologyindustries