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TRACKBACKS (6 to date)
The author at Tim Worstall in a related article titled Trade Talks writes:
The author at Catallarchy in a related article titled Is international trade a prisoner's dilemma? writes:
COMMENTS (4 to date)
John S Bolton writes:
Not if the resource being 'saved' is freedom from aggression. Posted July 30, 2006 6:19 PM
Omer K writes:
The only thing that will end child labour in any form (though we in the west have gone too far in this direction) is wealth. Stop a country from using its child labour, and you inadvertantly lower those children's ability to get out of poverty. Posted July 30, 2006 6:56 PM
Daublin writes:
While in a steady-state situation, low tariffs help a country (and all countries that trade with it), what about *changes* in tariffs? It seems that countries can attack each other by changing their trade protections rapidly, thus destroying local businesses or causing demand spikes for industries where local businesses do not exist. Maybe this kind of attack can be thwarted if you maintain your own tariffs at the same level as your potential assailants?
Posted July 31, 2006 7:10 AM
nelziq writes:
The problem is that you are not looking ar the right actors. From a single governemnts perspective, it will weigh the concentrated interest of those industries that benefit from trade restrictions against the diffuse interests of the general public in ending trade restrictions. In the standard case, government actors rationally choose trade restriction. The purpose of trade talks is to change the domestic calculus by bringing foreign governments and domestic exporting industries on to the side of lowering trade restrictions. The problem is not that lowering trade restrictions provide net benefits to the nation (they clearly do) but rather which groups within the nation recieve benefits and who loses them and what sort of political influence do those groups have. [Your EconLog posting privileges have been restricted because you have supplied a non-functioning email address. Email us at webmaster@econlib.org if you would like us to consider reinstating your access to EconLog.] Posted July 31, 2006 1:59 PM
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