The Scaled Tariff: A Mechanism for Combating Mercantilism and Producing Balanced Trade

Jesse T. Richman, Howard B. Richman and Raymond L. Richman

Estey Centre Journal of International Law and Trade Policy, 2011, vol. 12, issue 2, 20

Abstract: In this paper we first discuss whether or not the modern form of mercantilism that contributes to the trade deficit of the United States and other countries is a self-destructive and thus self-correcting strategy. We argue that it is not self-correcting. Then we discuss mechanisms that a trade deficit country could utilize in order to produce balanced trade. The mechanisms differ in six respects, with the Scaled Tariff excelling in each.

Keywords: International Development; International Relations/Trade (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:ags:ecjilt:166344

DOI: 10.22004/ag.econ.166344

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