What's the Point of Reciprocal Trade Negotiations? Exports, Imports, and Gains from Trade
AbstractThis paper explains why trade-policy makers may prefer reciprocal trade negotiations (RTN) to unilateral tariff reductions (UTR) for economic reasons. It answers puzzles like 'Why WTO reciprocity?' and strengthens the unnecessarily weak case made for the WTO by those who downplay or dismiss benefits from foreign tariff reductions (FTR). Copyright Blackwell Publishing Ltd 2005.
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Bibliographic InfoArticle provided by Wiley Blackwell in its journal The World Economy.
Volume (Year): 28 (2005)
Issue (Month): 1 (01)
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Web page: http://www.blackwellpublishing.com/journal.asp?ref=0378-5920
Other versions of this item:
- Paul Wonnacott & Ronald Wonnacott, 2004. "What's the Point of Reciprocal Trade Negotiations? Exports, Imports, and Gains from Trade," Middlebury College Working Paper Series 0419, Middlebury College, Department of Economics.
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