Growth waves, systemic openness, and protectionism

William R. Thompson and Lawrence Vescera

International Organization, 1992, vol. 46, issue 2, 493-532

Abstract: There is a distinctively repetitive quality about trade policy problems. Domestic economic growth slows; producers seek protection against foreign competitors; and national decision makers raise barriers to trade while at the same time criticizing their counterparts in other governments for engaging in similar practices. Because trade is one of the more important topics in international and comparative political economy and because this scenario has played itself out more than a few times, it is not surprising that a number of theorists have sought to model the underlying processes thought to produce movements toward and away from protectionism.

Date: 1992
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