Abstract
In the previous chapter, I demonstrated that: orthodox international trade theory can be extended to include unemployment without damaging any of its basic propositions; the proposition that import restrictions will promote economic expansion is correct, albeit only in very limited circumstances; but import controls are, in principle, inferior to alternative policies. To be brief, my overall conclusion was that the ‘employment-tariff’ proposition makes theoretical sense, albeit not in generally valid terms, but the justification for its use as a policy recommendation depends entirely on practical considerations: it does not flow naturally from the theoretical base.
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© 1984 Ali M. El-Agraa
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El-Agraa, A.M. (1984). A Political Economy Appraisal of the ‘Employment-Tariff’ Proposition. In: Trade Theory and Policy. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-06943-9_5
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DOI: https://doi.org/10.1007/978-1-349-06943-9_5
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-06945-3
Online ISBN: 978-1-349-06943-9
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