Unilateralism in Trade Policy: A Survey of Alternative Political-Economy Approaches

Pravin Krishna and Devashish Mitra ()

Chapter 14 in The Political Economy of Trade Policy:Theory, Evidence and Applications, 2016, pp 255-270 from World Scientific Publishing Co. Pte. Ltd.

Abstract: While much of the literature has considered the merits of the two policy stances of unilateralism and reciprocity independently of each other, we focus on the possible causal connection between the two. Can unilateral trade liberalization by one country lead to reciprocal liberalization by its partner in the absence of negotiations between the two countries? In this survey paper, we consider this issue analytically in the context of different political economy approaches to trade policy determination.

Keywords: Political Economy; Protection; Trade Policy; Tariffs; Subsidies; Reciprocal Trade Liberalization; Unilateral Trade Liberalization; Unilateralism; Reciprocity; Lobbying; Median Voter Models (search for similar items in EconPapers)
Date: 2016
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