Political Economy of Trade Policy - Institutions, Regulation, Social and Political Context
AbstractThis paper aims to contribute to the theoretical discussion of free trade and protectionism in international trade within the context of International political economy. Presented approach broadens the standard political economy view of trade policy and goes beyond the redistribution consequences and the political consideration of policy makers. Our interpretation of trade policy works with broader economic values and preferences of individual actors and understands the nation state and its policies as institutions. Social, cultural and historical context is taken into consideration, when interpreting the trade policy. More complex understanding of these determinants helps to explain contemporary trade policies and also their dynamic change. Paper also discuss the links between the trade policy and other economic (structural and industrial) policies and attract attention to possible misunderstandings in contemporary free trade discourse.
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Bibliographic InfoArticle provided by University of Economics, Prague in its journal Politická ekonomie.
Volume (Year): 2012 (2012)
Issue (Month): 1 ()
Postal: Redakce Politické ekonomie, Vysoká škola ekonomická, nám. W. Churchilla 4, 130 67 Praha 3
Find related papers by JEL classification:
- F12 - International Economics - - Trade - - - Models of Trade with Imperfect Competition and Scale Economies; Fragmentation
- F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
- F52 - International Economics - - International Relations, National Security, and International Political Economy - - - National Security; Economic Nationalism
- L16 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Industrial Organization and Macroeconomics; Macroeconomic Industrial Structure
- P16 - Economic Systems - - Capitalist Systems - - - Political Economy of Capitalism
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