Theory and Practice of Commercial Policy: 1945-1990

30 Pages Posted: 8 Jan 2008

See all articles by Anne O. Krueger

Anne O. Krueger

International Monetary Fund (IMF); Stanford University - Graduate School of Business; National Bureau of Economic Research (NBER)

Date Written: December 1990

Abstract

In this paper, the evolution of thought regarding protectionist trade policies in developed and in developing countries is examined and contrasted. In the developing countries distrust of markets and a belief in the infant industry argument led to highly protectionist trade regimes. The consequences were so negative that thinking about interventions has changed markedly. The lessons from this experience for the policy implications of the "new trade theory" are then examined.

Suggested Citation

Krueger, Anne O., Theory and Practice of Commercial Policy: 1945-1990 (December 1990). NBER Working Paper No. w3569, Available at SSRN: https://ssrn.com/abstract=471538

Anne O. Krueger (Contact Author)

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