Paradoxes in integration theory

Carsten Kowalczyk

Open Economies Review, 1992, vol. 3, issue 1, 59 pages

Abstract: This paper presents a formal analysis of how global welfare is affected by changing tariff and subsidy rates. The discussion stresses three types of reform whereby, surprisingly, trade liberalization has the potential to reduce world welfare: a multilateral equi-proportionate reduction of tariffs and subsidies; a reduction of a tariff or subsidy rate which is not extreme; and the formation of a customs union. Copyright Kluwer Academic Publishers 1992

Keywords: integration; customs unions; tariff reform (search for similar items in EconPapers)
Date: 1992
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DOI: 10.1007/BF01886181

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