RYAN C. AMACHER
ROBERT D. TOLLISON
THOMAS D. WILLETT
Theory and Practice
The recent increase in trade barriers. Pressure groups and international trade. The free-rider problem. Consumer lobbies. The cost of protectionism. The conflict between producer and consumer interests. Political logrolling. Economic nationalism and special interest groups. GATT and the Kennedy Round. The trend toward a liberal world economy.
During the postwar period, the industrial countries made enormous progress toward reducing tariff levels and other government restrictions which stifle and distort world trade.