Why are Trade Barriers so Low?
Christopher S. Magee
Bucknell University - Department of Economics
Economic Affairs, Vol. 31, Issue 3, pp. 12-17, 2011
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
Date posted: October 8, 2011