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The EC and Protectionism: The Political Economy
This paper surveys the arguments that the creation of the EC has increased world protectionism relative to what it would otherwise have been. Models of tariff bargaining between trade blocks suggest some increase, because the optimum tariff is higher for larger blocks, but this is not inevitable. Models of EC decision-taking suggest an increase because of the restaurant-bill problem and the tendency of committees towards universalism. The evidence is not enough, however, to be certain that a protectionist effect exists.
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Publication status
- Published
Journal
European Economic ReviewISSN
0014-2921Publisher
ElsevierExternal DOI
Issue
3-4Volume
38Page range
596-603Pages
8.0Department affiliated with
- Economics Publications
Full text available
- No
Peer reviewed?
- Yes
Legacy Posted Date
2012-02-06Usage metrics
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