NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Theory and Practice of Commercial Policy: 1945-1990

Anne O. Krueger

NBER Working Paper No. 3569
Issued in December 1990
NBER Program(s):   ITI   IFM

In this paper, the evolution of thought regarding protectionist trade policies in developed and in developing countries is examined and contrasted. In the developing countries distrust of markets and a belief in the infant industry argument led to highly protectionist trade regimes. The consequences were so negative that thinking about interventions has changed markedly. The lessons from this experience for the policy implications of the "new trade theory" are then examined.

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Document Object Identifier (DOI): 10.3386/w3569

Published: Money, Trade, and Competition: Essays in Memory of Egon Sohmen, Berlin: Springer-Verlag, 1992 pp. 233-252 Herbert Giersch, ed.

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