Risk and Trade Regimes: Another Exploration

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Risk and Trade Regimes: Another Exploration

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Title: Risk and Trade Regimes: Another Exploration
Author: Tiefenthaler, Jill; Brock, Philip; Bates, Robert

Note: Order does not necessarily reflect citation order of authors.

Citation: Bates, Robert H., Philip Brock, and Jill Tiefenthaler. 1991. Risk and trade regimes: Another exploration. International Organization 45, no. 1: 1-18.
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Abstract: An analysis of a small sample of countries shows that the higher the level of terms-of-trade risk that a nation faces in international markets, the more likely it is to increase barriers. The analysis also shows that the greater the availability of social insurance programs mounted by a nation's government, the less likely it is to block free trade. In comparison with the small open economies of Western Europe, therefore, developing countries may remain protectionist because they lack the resources to mount internal programs of transfer payments as a means of coping with risk from international markets.
Published Version: http://dx.doi.org/10.1017/S0020818300001375
Terms of Use: This article is made available under the terms and conditions applicable to Other Posted Material, as set forth at http://nrs.harvard.edu/urn-3:HUL.InstRepos:dash.current.terms-of-use#LAA
Citable link to this page: http://nrs.harvard.edu/urn-3:HUL.InstRepos:3219934
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