Skip to Main Navigation

The high costs of U.S. quantitative restrictions (English)

Quantitative (trade) restrictions cost the United States three times what the protection-equivalent tariff would cost--because two-thirds of the higher cost to consumers goes straight to foreign producers. Why the giveaway to foreigners? United states producers have a louder voice than US consumers, and foreing producers lobby aggressively to face a quaota rather than a tariff--and thus get a higher price in the US market.

Details

  • Document Date

    1992/10/31

  • Document Type

    Brief

  • Report Number

    21630

  • Volume No

    1

  • Total Volume(s)

    1

  • Country

    United States,

  • Region

    Other,

  • Disclosure Date

    2001/03/09

  • Disclosure Status

    Disclosed

  • Doc Name

    The high costs of U.S. quantitative restrictions

  • Keywords

    quantitative restriction;economies of scale;nontariff barrier;multilateral tariff negotiation;average tariff rate;barriers to trade;multilateral trade negotiation;unfair foreign trade;Labor Union;freer trade;Trade Policies;Trade Policy;foreign producer;tariff reduction;tariff structure;manufactured goods;displaced worker;foreign exporter;Steel;perfect competition;development policy;earnings loss;Industrial Policies;nontariff trade;individual bank;Industrial Policy;welfare gains;oligopolistic structure;Labor Market;world war;world trade;bilateral deals;steel industry;union activity;uruguay round;real wage;election campaign;trade restriction;wage structure;trading system;high wage;tariff protection;relative magnitude;

Downloads

COMPLETE REPORT

Official version of document (may contain signatures, etc)

  • Official PDF
  • TXT*
  • Total Downloads** :
  • Download Stats
  • *The text version is uncorrected OCR text and is included solely to benefit users with slow connectivity.

Citation

The high costs of U.S. quantitative restrictions (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/613611468317997231/The-high-costs-of-U-S-quantitative-restrictions