The political economy of reciprocity: a reply

Authors

  • H.W. ARNDT H.W.

DOI:

https://doi.org/10.13133/2037-3643/10528

Keywords:

Voodoo economics, trade liberalisation, reciprocity

Abstract

The work seeks to answer two questions. First, if the removal of trade barriers is in each countries own interest, why are negotiations based on the principle of reciprocity? Second, if the political economy case for reciprocity is so compelling, then why have so many countries recently embarked on unilateral trade liberalisation? The author provides a history of the concept of reciprocity and trade, before analysing the case for unilateral trade liberalisation.

 

JEL Codes: F13

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Published

2013-10-20

How to Cite

ARNDT H.W., H. (2013). The political economy of reciprocity: a reply. PSL Quarterly Review, 48(192). https://doi.org/10.13133/2037-3643/10528

Issue

Vol. 48 No. 192 (1995)

Section

Editorial

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