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The political economy of reciprocity. A reply

Author

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  • H.W. ARNDT

    (Australian National University)

Abstract

The need for reciprocity clauses in tariff reductions should not distort the real picture concerning international trade. Although reciprocity clauses can help countries which follow more expansionary macroeconomic policies than their trade partners, they can never be the perfect panacea for unemployment problems. Reciprocity clauses only encourage protectionist trade practices.

Suggested Citation

  • H.W. Arndt, 1994. "The political economy of reciprocity. A reply," Banca Nazionale del Lavoro Quarterly Review, Banca Nazionale del Lavoro, vol. 47(190), pages 115-116.
    • Handle: RePEc:psl:bnlqrr:1994:32
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    File URL: http://ojs.uniroma1.it/index.php/PSLQuarterlyReview/article/view/10556/10440
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    References listed on IDEAS

    as
    1. Baldwin, Robert E, 1989. "The Political Economy of Trade Policy," Journal of Economic Perspectives, American Economic Association, vol. 3(4), pages 119-135, Fall.
    2. Grossman, Gene M & Helpman, Elhanan, 1995. "Trade Wars and Trade Talks," Journal of Political Economy, University of Chicago Press, vol. 103(4), pages 675-708, August.
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    Cited by:

    1. D. Vines, 1994. "Australian Trade Liberalisation, APEC, and the GATT," Economics Discussion / Working Papers 94-11, The University of Western Australia, Department of Economics.

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    JEL classification:

    • F10 - International Economics - - Trade - - - General

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