Trade Policy Instruments over Time
This paper surveys political-economic research on the variety of instruments that governments use to conduct international trade policy. It presents key insights on the relationships between instruments such as tariffs, quotas, voluntary export res...
| Main Author: | |
|---|---|
| Format: | Policy Research Working Paper |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2014
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2014/01/18840772/trade-policy-instruments-over-time http://hdl.handle.net/10986/16822 |
| Summary: | This paper surveys political-economic
research on the variety of instruments that governments use
to conduct international trade policy. It presents key
insights on the relationships between instruments such as
tariffs, quotas, voluntary export restraints, and other
nontariff barriers, as well as the ebb and flow of the
national use of temporary trade barriers such as
antidumping, countervailing duties, and safeguards. The
survey examines trends in use of these trade policy
instruments over recent history; and it reviews the major
theoretical and empirical explanations behind, and
interrelationships between, their uses. Finally, the paper
highlights potential institutional impacts of the General
Agreement on Tariffs and Trade (GATT) and subsequent World
Trade Organization (WTO) on choice of policy instruments, as
well as how multilateral, unilateral, and preferential
tariff liberalization may introduce political-economic
shocks and affect incentives over time for how governments
rely on different instruments. |
|---|