6 Pages Posted: 8 Oct 2011
Date Written: October 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.
Keywords: Tariffs, non‐tariff barriers, lobbying
Suggested Citation: Suggested Citation
Magee, Christopher S., Why are Trade Barriers so Low? (October 2011). Economic Affairs, Vol. 31, Issue 3, pp. 12-17, 2011. Available at SSRN: https://ssrn.com/abstract=1940808 or http://dx.doi.org/10.1111/j.1468-0270.2011.02118.x
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