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Unilateralism in Trade Policy: A Survey of Alternative Political-Economy Approaches

In: The Political Economy of Trade Policy Theory, Evidence and Applications

Author

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  • PRAVIN KRISHNA
  • DEVASHISH MITRA

Abstract

While much of the literature has considered the merits of the two policy stances of unilateralism and reciprocity independently of each other, we focus on the possible causal connection between the two. Can unilateral trade liberalization by one country lead to reciprocal liberalization by its partner in the absence of negotiations between the two countries? In this survey paper, we consider this issue analytically in the context of different political economy approaches to trade policy determination.

Suggested Citation

  • Pravin Krishna & Devashish Mitra, 2016. "Unilateralism in Trade Policy: A Survey of Alternative Political-Economy Approaches," World Scientific Book Chapters, in: The Political Economy of Trade Policy Theory, Evidence and Applications, chapter 14, pages 255-270, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789814569156_0014
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