Effects of Commercial Policy on International Trade, the Location of Production, and Factor Movements

  • Bela Balassa


For purposes of this paper, commercial policy is defined to include tariffs and other restrictions on imports as well as taxes and subsidies on exports. Since a devaluation is equivalent to the simultaneous application of tariffs on imports and subsidies on exports at equal rates, it will be considered together with commercial policy measures.


International Trade Commercial Policy Tariff Reduction Factor Movement Interregional Trade 


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Copyright information

© The Nobel Foundation 1977

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  • Bela Balassa

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