haku: @author Hagelstam, J. / yhteensä: 3
viite: 2 / 3
| Tekijä: | Hagelstam, J. |
| Otsikko: | Mercantilism still influences practical trade policy at the end of the twentieth century |
| Lehti: | Journal of World Trade Law
1991 : APR, VOL. 25:2, p. 95-105 |
| Asiasana: | TRADE POLICY POWER LIBERALISM ECONOMIC THEORY JAPAN USA USSR |
| Kieli: | eng |
| Tiivistelmä: | Ricardo's view of comparative advantage and his arguments against mercantilism /the adverse view of imports/ are briefly presented. Trade policy in practice is investigated, genuinely liberal trade policy is presented to be rare. The discrepancy between theory and practice is explained by consumer-oriented theory and production-oriented policy. The connection between economic and political power is highlighted by the rise of Japan, the decline of the USA and of the Soviet Union. But the pursuit of political power is no longer the only reason for mercantilism; particular interest and other factors influencing policy are demonstrated. |
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