Titlebook: International Trade; Mia Mikić Textbook 1998Latest edition Macmillan Publishers Limited 1998 economic development.economic integration.int

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Economic Analysis of Tariffsver the multilateral negotiations success in targeting tariffs for trade liberalisation has meant that other instruments of regulating trade flows have become relatively more popular. In principle, however, economists still prefer tariffs over other trade policy instruments as tariffs are considered

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Arguments for Trade Barriersrade barriers cause a reduction in national and world welfare. Our conclusions were reached mostly under conditions of perfectly functioning markets. It should thus not be surprising that in the real world, where markets, in general, do not function perfectly we also find quite an intensive use of t

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The Political Economy of Trade Policyprotection, was benevolent and that it acted to maximise the welfare of the nation via the representative consumer. Under such an assumption, among many trade barriers discussed, only a few can (as the first best or, more often, the . policies) advance the national welfare compared with the free tra

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