industry lobbying for tariffs or quotas on imports: “Sure would like to help you, but that pesky WTO agreement

just won’t let me.”

LINK IT UP

If consumers are the biggest losers from trade, why do they not fight back? The quick answer is because it is

easier to organize a small group of people around a narrow interest (producers) versus a large group that has

diffuse interests (consumers). This is a question about trade policy theory. Visit this website

(http://openstax.org/l/tradepolicy) and read the article by Jonathan Rauch.

Long-Term Trends in Barriers to Trade

In newspaper headlines, trade policy appears mostly as disputes and acrimony. Countries are almost

constantly threatening to challenge other nations' “unfair” trading practices. Cases are brought to the dispute

settlement procedures of the WTO, the European Union, NAFTA, and other regional trading agreements.
{"batch_upload": true, "file_name": "Microeconomics3e.pdf", "uploaded_via": "batch_uploader", "title": "Principles of Microeconomics 3e", "file_hash": "830b81f41611ac67a490444dbb5d6aed292224606965b06965b914443c93331a", "producer": "Prince 14.2 (www.princexml.com)", "source": "downloads\\business\\economics\\Microeconomics3e.pdf", "creationdate": "2022-12-07T14:15:44-06:00", "file_type": ".pdf", "moddate": "2022-12-07T14:23:05-06:00", "upload_timestamp": "2026-02-07T15:37:44.339247", "creator": "PDFMiner", "file_size_mb": 26.99, "total_pages": 597, "source_file": "downloads\\business\\economics\\Microeconomics3e.pdf"}