Abstract
Even as the virtues of the free market are extolled daily, trade between national markets becomes increasingly managed. Such management has long been commonplace in international primary-product markets and in the trade of the now-unfashionable centrally-planned economies. But recent decades have seen the proliferation of management of the trade of manufactures between industrial (and newly industrializing) economies.
The research for this paper was supported by a grant from the Bank of Sweden Tercentenary Foundation. I am grateful for comments received during the Conference on Markets and Politicians at Bar-Han University and during seminars at the Institute for Advanced Studies in Jerusalem, at Tel-Aviv University and at the University of Western Ontario.
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Ethier, W.J. (1991). The Economics and Political Economy of Managed Trade. In: Hillman, A.L. (eds) Markets and Politicians. Studies in Public Choice, vol 6. Springer, Dordrecht. https://doi.org/10.1007/978-94-011-3882-6_14
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DOI: https://doi.org/10.1007/978-94-011-3882-6_14
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