The political economy of reciprocity. A reply

H.W. Arndt
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H.W. Arndt: Australian National University

Banca Nazionale del Lavoro Quarterly Review, 1994, vol. 47, issue 190, 115-116

Abstract: The need for reciprocity clauses in tariff reductions should not distort the real picture concerning international trade. Although reciprocity clauses can help countries which follow more expansionary macroeconomic policies than their trade partners, they can never be the perfect panacea for unemployment problems. Reciprocity clauses only encourage protectionist trade practices.

Keywords: Political aspects; reciprocity clauses; tariffs (search for similar items in EconPapers)
JEL-codes: F10 (search for similar items in EconPapers)
Date: 1994
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