MARC Record from Library of Congress

LEADER: 02023cam a22003017a 4500
001 2008613808
003 DLC
005 20081011212705.0
007 cr |||||||||||
008 081009s2008 mou sb 000 0 eng
010 $a 2008613808
040 $aDLC$cDLC
050 00 $aHC10
100 1 $aBaldwin, Richard E.
245 12 $aA simple model of the juggernaut effect of trade liberalisation$h[electronic resource] /$cRichard E. Baldwin and Frédéric Robert-Nicoud.
260 $aLondon :$bCentre for Economic Performance, London School of Economics and Political Science,$cc2008.
490 0 $aCEP discussion paper ;$vno. 845
538 $aSystem requirements: Adobe Acrobat Reader.
538 $aMode of access: World Wide Web.
500 $aTitle from PDF file (viewed on Oct. 10, 2008).
500 $a"January 2008."
530 $aAlso available in print.
520 3 $aThis paper posits a formal political economy model where the principle of reciprocity in multilateral trade talks results in the gradual elimination of tariffs. Reciprocity trade talks turn each nation's exporters into anti-protectionists at home; they lower foreign tariffs by convincing their own government to lower home tariffs. Due to the new array of political forces, each government finds it politically optimal to remove tariffs that it previously found politically optimal to impose. The one-off global tariff cut then reshapes the political economy landscape via entry and exit -- reducing the size/influence of import-competing sectors and increasing that of exporters. In the next round of trade talks governments therefore find it politically optimal to cut tariffs again. The process may continue until tariffs are eliminated.
504 $aIncludes bibliographical references.
653 $aTrade policy ;$aEconomic integration
700 1 $aRobert-Nicoud, Frédéric.
710 2 $aLondon School of Economics and Political Science.$bCentre for Economic Performance.
856 40 $uhttp://cep.lse.ac.uk/pubs/download/dp0845.pdf