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• W2186079727 abstract "This view of trade is widely shared by the overwhelming majority of economists with a neoclassical training. In a recent survey of graduate students at the six top economics departments in the U.S., only 7% of respondents disagreed with the statement “tariffs and quotas reduce general economic welfare.” (Colander, 2005, p. 189) Of all the policy statements presented in the survey, trade policy was the one that commanded the broadest consensus among students. As Alan Blinder recently commented, in the economics profession “anyone who says anything even obliquely that sounds hostile to free trade is treated as an apostate.”2 This consensus is not due to the absence of theoretical results showing the existence of situations in which greater trade can decrease welfare. Students of international trade are commonly exposed to examples of optimal tariffs, infant industries, and strategic trade policy, all of which can serve to justify intervention in international trade. Rather, the consensus in the profession emerges from the vision that these examples are not relevant in most realworld circumstances and that the dangers from attempting to carry out activist trade policy far outweigh its potential benefits. As one of the architects of strategic trade theory has himself written," @default.
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• W2186079727 date "2007-01-01" @default.
• W2186079727 modified "2023-09-27" @default.
• W2186079727 title "Trade and Development" @default.
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