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Why are Trade Barriers so Low?Christopher S. MageeBucknell University - Department of Economics October 2011 Economic Affairs, Vol. 31, Issue 3, pp. 12-17, 2011 Abstract: The political economy literature suggests that tariff rates should be high because the gains to producers from protection are enormous while the welfare costs are small. This paper presents and evaluates six possible explanations for the relatively low tariffs we see today in most developed countries.
Number of Pages in PDF File: 6 Keywords: Tariffs, non‐tariff barriers, lobbying Accepted Paper SeriesDate posted: October 8, 2011Suggested CitationContact Information
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