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Handbook of Trade Policy for Development$
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Arvid Lukauskas, Robert M. Stern, and Gianni Zanini

Print publication date: 2013

Print ISBN-13: 9780199680405

Published to Oxford Scholarship Online: January 2014

DOI: 10.1093/acprof:oso/9780199680405.001.0001

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PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 23 October 2021

Instruments of Trade Policy

Instruments of Trade Policy

(p.145) Chapter 6 Instruments of Trade Policy
Handbook of Trade Policy for Development

Geoffrey A. Jehle

Oxford University Press

Geoff Jehle examines the primary instruments of national trade policy, often termed commercial policy, including quantitative restrictions (e.g., quotas), tariffs, non-tariff barriers, and export taxes. He focuses on the implications of the various policy instruments for aggregate national social welfare; the distribution of rents among various groups, notably, producers, consumers, and the government; and the relative value of using trade policy instruments versus other means of government intervention to achieve various policy objectives. Jehle demonstrates the distortions that various types of protectionist barriers create in the domestic economy. He highlights the fact that the typical cascading tariff schedule found in many countries implies very high rates of effective protection for producers of finished goods.

Keywords:   Commercial policy, policy instruments, tariffs, quotas, non-tariff barriers, distribution of rents, effective rate of protection, protectionism, national welfare, distortions

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