An internationally acknowledged authority on all aspects of the theory of international trade and payments, this book collects Harry Johnson’s contributions to the study of international trade, including a critique of the theory of effective protection. The book discusses:
- the integration of income distribution and other aspects of the economy into the positive theory of tariffs
- the issues raised by the use of tariffs to promote economic development
- the implications of distortions of various kinds in the working of competition for tariff theory and policy
- the costs of protection
- the implications of effective protection for world economic development and the economic effects of trade preferences
- the question of free trade and the extent to which it requires the harmonization other aspects of economic policy.
Author(s): Harry G. Johnson
Series: Collected Works of Harry G. Johnson, 5
Publisher: Routledge
Year: 2013
Language: English
Pages: 466
City: London
Cover
Half Title
Title Page
Copyright Page
Original Title Page
Original Copyright Page
Dedication
Table of Contents
Introduction
I THE POSITIVE THEORY OF TARIFFS
1 International Trade, Income Distribution, The Offer Curve, and the Effects of Tariffs
Appendix: An Alternative Derivation of the Transformation Curve and Income Distribution Function
2 A Generalized Theory of the Effects of Tariffs on the Terms of Trade (with Jagdish Bhagwati)
3 Tariffs and Economic Development: Some Theoretical Issues
II TARIFFS AND DISTORTIONS
4 Optimal Trade Intervention in the Presence of Domestic Distortions
5 Factor Market Distortions and the Shape of the Transformation Curve
6 The Gain from Exploiting Monopoly or Monopsony Power in International Trade
7 Two notes on tariffs, distortions and growth
III THE COST OF PROTECTION
8 The Cost of Protection and the Scientific Tariff
9 The Costs of Protection and Self-Sufficiency
10 An Economic Theory of Protectionism, Tariff Bargaining, and the Formation of Customs Unions
Appendix: The Limits of Non-Discriminatory Reciprocal Tariff Reduction
IV THE THEORY OF EFFECTIVE PROTECTION
11 The Theory of Content Protection
12 The Theory of Tariff Structure, with special reference to world trade and development
13 The Theory of Effective Protection and Preferences
14 A Model of Protection and the Exchange Rate
15 Effective Protection and General Equilibrium Theory
V TARIFF REDUCTION AND POLICY HARMONIZATION
16 The Implications of Free or Freer Trade for the Harmonization of other Policies
Index of Subjects
Index of Names
