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Author: Arvind Panagariya
Publisher: World Bank Publications
ISBN:
Category : Politica comercial
Languages : en
Pages : 34
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Book Description
In recent years uniform tariffs have become increasingly popular but economists have not formulated a rationale that demonstrates their superiority to alternative tariff structures. Do strong political economy arguments exist that favor uniform tariffs?
Author: Arvind Panagariya
Publisher: World Bank Publications
ISBN:
Category : Politica comercial
Languages : en
Pages : 34
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Book Description
In recent years uniform tariffs have become increasingly popular but economists have not formulated a rationale that demonstrates their superiority to alternative tariff structures. Do strong political economy arguments exist that favor uniform tariffs?
Author: Arvind Panagariya
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
Uniform tariffs have become increasingly popular in recent years, yet their economic rationale is not strong. We identify and evaluate three sets of reasons as to why governments may prefer tariff uniformity as a means of alleviating political motives for excessive protection. First, a free-rider effect may be conducive to less lobbying under a uniform tariff regime than under a regime in which tariffs are allowed to differ. Second, an input-price effect may dampen the enthusiasm of final-goods producers for import protection. Third, a precommitment effect may increase the cost to a future government of protecting favored sectors. None of these arguments provides an unambiguous, airtight case for tariff uniformity. The decision on uniformity has to be made on a case-by-case basis.
Author: David G. Tarr
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
This chapter examines the arguments for and against a uniform tariff structure. Arguments against uniformity are: terms of trade; 'strategic, ' infant or restructuring industry considerations, revenue or balance of payments purposes, and tariffs as a negotiating tool at the WTO. Arguments in favor of uniformity are: political economy considerations; administrative convenience; and reduction of smuggling and corruption in customs. The author maintain that tariff uniformity is the best choice in practice. A uniform tariff conveys a number of advantages, the most important of which is that if the tariff is uniform, the gains to industry lobbying are much smaller (and may be negative), creating a kind of free-rider problem for the lobbying industry and dramatically reduces the incentive to lobby for protection. Then: (1) the level of protection is likely to be lower (the recent experience of Chile is a dramatic case in point); (2) there is a direct saving of resources from the reduced lobbying; (3) the reduction to the gains from lobbying for protection provides a vastly improved signal to valuable entrepreneurial talent which will thus be encouraged to create better and cheaper products; and (4) the reduction in resources devoted to lobbying will result in less corruption in government, which may have positive spillover effects into other dimensions of government activity.
Author: Friedrich List
Publisher:
ISBN:
Category : Economics
Languages : en
Pages : 422
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Book Description
Author: George Crompton
Publisher: New York : Macmillan Company
ISBN:
Category : Free trade
Languages : en
Pages : 248
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Book Description
Author: Robert C. Feenstra
Publisher: MIT Press
ISBN: 9780262061865
Category : Business & Economics
Languages : en
Pages : 334
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Book Description
This collection of papers by former students and colleagues celebrates the profound impact that Jagdish Bhagwati has had on the field of international economics over the past three decades. Bhagwati, who is the Arthur Lehman Professor of Economics at Columbia University, has made pathbreaking contributions to the theory of international trade and commercial policy, including immiserizing growth, domestic distortions, economic development, and political economy. His success and influence as a teacher and mentor is widely recognized among students at both MIT and Columbia, and as founder of the Journal of International Economics, he has encouraged research on many questions of theoretical and policy relevance. The political economy of trade policy, Bhagwati's most recent area of interest, is the theme of this collection which addresses salient topics including market distortions, income distribution, and the political process of policy-making. Sections and Contributors Market Distortions, T. N. Srinivasan. Paul A. Samuelson. Paul R. Krugman * Trade and Income Distribution, Douglas A. Irwin. Richard A. Brecher and Ehsan U. Choudri. Robert C. Feenstra and Gordon H. Hanson. Earl L. Grinols * Perspectives on Political Economy, Robert E. Baldwin. Peter Diamond * Models of Political Economy and Trade, Gene M. Grossman and Elhana Helpman. John Douglas Wilson. B. Peter Rosendorff. Arvind Panagariya and Ronald Findlay
Author: Arvind Panagariya
Publisher:
ISBN:
Category :
Languages : es
Pages : 25
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Book Description
Author: George Benjamin Mangold
Publisher: Forgotten Books
ISBN: 9780265983539
Category : Business & Economics
Languages : en
Pages : 116
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Book Description
Excerpt from The Labor Argument in the American Protective Tariff Discussion Our commercial interests had plainly assumed considerable importance. In 1820 as many as American seamen were employed in our carrying trade. Our merchants were the dom inating influence in a number of our seaports, such as New York, Boston, and Charleston, which were not only centers of political activity, but controlled the politics of their respective states. This industry wielded a political power far in excess of its proportionate importance among the principal industries of the nation and the shaping of our economic policy was to a considerable extent contingent upon its attitude. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
Author: William James Ashley
Publisher:
ISBN:
Category : Economics
Languages : en
Pages : 22
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Book Description
Author: Douglas A. Irwin
Publisher: University of Chicago Press
ISBN: 022639901X
Category : Political Science
Languages : en
Pages : 873
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Book Description
A Foreign Affairs Best Book of the Year: “Tells the history of American trade policy . . . [A] grand narrative [that] also debunks trade-policy myths.” —Economist Should the United States be open to commerce with other countries, or should it protect domestic industries from foreign competition? This question has been the source of bitter political conflict throughout American history. Such conflict was inevitable, James Madison argued in the Federalist Papers, because trade policy involves clashing economic interests. The struggle between the winners and losers from trade has always been fierce because dollars and jobs are at stake: depending on what policy is chosen, some industries, farmers, and workers will prosper, while others will suffer. Douglas A. Irwin’s Clashing over Commerce is the most authoritative and comprehensive history of US trade policy to date, offering a clear picture of the various economic and political forces that have shaped it. From the start, trade policy divided the nation—first when Thomas Jefferson declared an embargo on all foreign trade and then when South Carolina threatened to secede from the Union over excessive taxes on imports. The Civil War saw a shift toward protectionism, which then came under constant political attack. Then, controversy over the Smoot-Hawley tariff during the Great Depression led to a policy shift toward freer trade, involving trade agreements that eventually produced the World Trade Organization. Irwin makes sense of this turbulent history by showing how different economic interests tend to be grouped geographically, meaning that every proposed policy change found ready champions and opponents in Congress. Deeply researched and rich with insight and detail, Clashing over Commerce provides valuable and enduring insights into US trade policy past and present. “Combines scholarly analysis with a historian’s eye for trends and colorful details . . . readable and illuminating, for the trade expert and for all Americans wanting a deeper understanding of America’s evolving role in the global economy.” —National Review “Magisterial.” —Foreign Affairs
