L'economia politica della reciprocità

Abstract

The work seeks to answer two questions. First, if the removal of trade barriers is in each countries own interest, why are negotiations based on the principle of reciprocity? Second, if the political economy case for reciprocity is so compelling, then why have so many countries recently embarked on unilateral trade liberalisation? The author provides a history of the concept of reciprocity and trade, before analysing the case for unilateral trade liberalisation. JEL Codes: F13

Keywords

• Voodoo economics
• trade liberalisation
• reciprocity