G2TT
来源类型Working Paper
规范类型报告
DOI10.3386/w29973
来源IDWorking Paper 29973
The Trade Reform Wave of 1985-1995
Douglas A. Irwin
发表日期2022-04-25
出版年2022
语种英语
摘要The decade from 1985 to 1995 was an unprecedented period of declining barriers to global trade. The reform wave was especially pronounced in developing countries where overvalued currencies were eliminated, quantitative import restrictions dismantled, and import tariffs reduced. What accounts for this remarkable transformation in policy? This paper focuses on how many of these restrictions were imposed for balance of payments purposes. As the benefits of managing payments imbalances through exchange rate adjustments rather than import controls came to be understood, economists in high-ranking government positions had the opportunity to shift policy in this direction. Perhaps surprisingly, special interests played little role in fostering the move to more open markets.
主题Other ; History of Economic Thought ; International Economics ; Trade ; International Finance
URLhttps://www.nber.org/papers/w29973
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/587647
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Douglas A. Irwin. The Trade Reform Wave of 1985-1995. 2022.
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