Synonyms
Definition
Trade policy refers to any form of governmental intervention that affects the environment in which a country’s international trade takes place. These interventions can be policy instruments, institutions, and/or agencies – behind, at, and beyond the border – in a uni-, bi-, pluri-, or multilateral setting. Microeconomic theory and specifically trade theory have had a large influence over how trade policy is understood and prescribed. Tariffs and trade liberalization are at the center of the scholarly and policy debate, although in practice trade policy encompasses nontariff measures such as export facilitation and promotion, and trade protection is historically more pervasive than standard microeconomic theory suggests, especially in lesser-developed regions such as Latin America.
Standard Economic Approach on Export Promotion
Pro-market reforms of the 1980s and 1990s in Latin America implied a change from autarchic, inward-looking,...
References
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Dingemans, A. (2017). Chile’s Trade Policy Based on Export Promotion. In: Farazmand, A. (eds) Global Encyclopedia of Public Administration, Public Policy, and Governance. Springer, Cham. https://doi.org/10.1007/978-3-319-31816-5_2682-1
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