Risk and trade regimes: another exploration

Robert H. Bates; Philip L. Brock; Jill Tiefenthaler

doi:10.1017/s0020818300001375

Abstract

An analysis of a small sample of countries shows that the higher the level of termsof-trade risk that a nation faces in international markets, the more likely it is to increase barriers. The analysis also shows that the greater the availability of social insurance programs mounted by a nation's government, the less likely it is to block free trade. In comparison with the small open economies of Western Europe, therefore, developing countries may remain protectionist because they lack the resources to mount internal programs of transfer payments as a means of coping with risk from international markets.

Keywords

ProtectionismTransfer paymentBusinessInternational economicsGovernment (linguistics)International tradeDeveloping countrySample (material)EconomicsEconomic growthMarket economyWelfare

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Publication Info

Year: 1991
Type: article
Volume: 45
Issue: 1
Pages: 1-18
Citations: 88
Access: Closed

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APA Style

                            
                                    Robert H. Bates, 
                                
                                    Philip L. Brock, 
                                
                                    Jill Tiefenthaler
                                
                            (1991). 
                            Risk and trade regimes: another exploration. 
                            International Organization
                            , 45
                            (1)
                            , 1-18.
                            https://doi.org/10.1017/s0020818300001375

Identifiers

DOI: 10.1017/s0020818300001375

Data Quality

Data completeness: 81%