Impediments on Trade

  • Ali M. El-Agraa


It was demonstrated in Chapter 4 that free international trade, given certain restrictive assumptions, is the best regime for the world in that it increases countries’ potential welfare. It is therefore pertinent to ask why it is that nations erect impediments on their trade. To answer this question one needs to be familiar with the branch of trade theory generally referred to as theory of trade (commercial) policy.


Free Trade Demand Curve Tariff Rate Marginal Revenue Domestic Price 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.


Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

Copyright information

© Ali M. El-Agraa 1989

Authors and Affiliations

  • Ali M. El-Agraa
    • 1
    • 2
  1. 1.University of LeedsUK
  2. 2.Fukuoka UniversityJapan

Personalised recommendations