The Political Economy of Protection

  • Bo Södersten
  • Geoffrey Reed
Chapter

Abstract

The preceding chapters have suggested guidelines which we might expect to influence policy-makers. First, assuming that markets are competitive, free trade and non-interference in domestic markets is the best policy for a government to follow if it wishes to achieve the highest possible level of potential welfare, except in the special case of the optimum tariff for a large country (and then only in the absence of retaliation).

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Copyright information

© Bo Södersten and Geoffey Reed 1994

Authors and Affiliations

  • Bo Södersten
    • 1
  • Geoffrey Reed
    • 2
  1. 1.LundSweden
  2. 2.NottinghamUK

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