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Smoke in the water : the use of tariff policy flexibility in crises (English)

As the economic crisis deepens and widens, fears of a return to the protectionist spiral of the 1930s become more common. However, an important difference between the 1930s and today is the existence of the World Trade Organization and the legal limits it imposes on the protectionist responses members can pursue. The objective of this paper is threefold. First, to assess the extent to which applied tariff can legally be raised without violating tariff-bound...
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Foletti,Liliana; Fugazza,Marco; Nicita,Alessandro; Olarreaga,Marcelo.

Smoke in the water : the use of tariff policy flexibility in crises (English). Policy Research working paper ; no. WPS 5050 Washington, DC: World Bank. http://documents.worldbank.org/curated/en/740581468338974725

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