Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/46724 
Year of Publication: 
1991
Citation: 
[Publisher:] Institut für Weltwirtschaft (IfW) [Place:] Kiel [Year:] 1991
Series/Report no.: 
Kiel Working Paper No. 498
Publisher: 
Kiel Institute of World Economics (IfW), Kiel
Abstract: 
The main points of this paper are that the case for transitional import barriers for the EMEs is very weak; neither a discriminatory regional payments union nor a uniform import tariff nor a differentiated tariff schedule designed in accordance with the presumed adjustment difficulties are warranted. A radical liberalisation of the financial system in the EMEs is much better suited to promote and smooth the adjustment to market conditions than any scheme for transitional protection. The paper is organised as follows: at first, the major arguments for transitional protection are addressed; thereafter, various schemes for the protection of the tradable goods sector are analysed; ultimately, a proposal for radical financial liberalisation as a superior substitute for trade protection is presented.
Document Type: 
Working Paper
Document Version: 
Digitized Version

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