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, 1995, vol. 48, issue 192, 259-269

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.

Keywords: Voodoo economics; trade liberalisation; reciprocity (search for similar items in EconPapers)
JEL-codes: F13 (search for similar items in EconPapers)
Date: 1995
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