- The Oxford Handbook of Business and Government
- Preface
- List of Figures
- List of Tables
- List of Contributors
- Overview
- Political Science: Perspectives on Business and Government
- Economics: Economic Theories of the Firm, Business, and Government
- Law and Business
- Business Studies: The Global Dynamics of Business–State Relations
- Varieties of Capitalism and Business
- The Global Firm: The Problem of the Giant Firm in Democratic Capitalism
- The Political Theory of the Firm
- Business and Political Parties
- Economic Interests and Political Representation: Coordination and Distributive Conflict in Historical Perspective
- Business and Neo‐corporatism
- Business Representation in Washington, DC
- European Business–Government Relations
- Business Politics in Latin America: Patterns of Fragmentation and Centralization
- Japanese Business–Government Relations
- China and the Multinational Experience
- The Rise of the Regulatory State
- International Regulators and Network Governance
- Credit Rating Agencies
- International Standards and Standard‐Setting Bodies
- Taming Globalization?: Civil Regulation and Corporate Capitalism
- Corporate Control and Managerial Power
- Corporate Social Responsibility and Government
- The State, Business, and Training
- Social Policy and Business
- Public–Private Partnerships in Business and Government
- Entrepreneurship and Small Business Policy: Evaluating its Role and Purpose
- Consumer Policy: Business and the Politics of Consumption
- Media Economics and the Political Economy of Information
- Environmental and Food Safety Policy
- Network Utilities: Technological Development, Market Structure, and Forms of Ownership
- Endogenous Trade Protection: A Survey
- Competition Policy
- General Index
Abstract and Keywords
This article surveys the literature on the political economy of trade policy. The discussion is organized around five propositions. The first is just a statement about the ways in which interest groups can influence government policies. The second proposition is the central point made in the political economy literature, and it explains the existence of policies that transfer income within a country while clearly reducing national welfare. Proposition three discusses how interest groups will be organized in their lobbying over trade policy. The last two propositions are more recent and more controversial. Both of these effects cause the weakening of protectionist forces globally. In proposition four, the article discusses the evidence that globalization has weakened the autonomy of nation states.
Keywords: trade protection, trade policy, interest groups, government policies, national welfare, globalization
Stephen P. Magee is the Bayless/Enstar Chair and Professor of Finance and Economics in the Department of Finance, University of Texas, Austin.
Christopher Magee is Associate Professor at the Department of Economics at Bucknell University.
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- The Oxford Handbook of Business and Government
- Preface
- List of Figures
- List of Tables
- List of Contributors
- Overview
- Political Science: Perspectives on Business and Government
- Economics: Economic Theories of the Firm, Business, and Government
- Law and Business
- Business Studies: The Global Dynamics of Business–State Relations
- Varieties of Capitalism and Business
- The Global Firm: The Problem of the Giant Firm in Democratic Capitalism
- The Political Theory of the Firm
- Business and Political Parties
- Economic Interests and Political Representation: Coordination and Distributive Conflict in Historical Perspective
- Business and Neo‐corporatism
- Business Representation in Washington, DC
- European Business–Government Relations
- Business Politics in Latin America: Patterns of Fragmentation and Centralization
- Japanese Business–Government Relations
- China and the Multinational Experience
- The Rise of the Regulatory State
- International Regulators and Network Governance
- Credit Rating Agencies
- International Standards and Standard‐Setting Bodies
- Taming Globalization?: Civil Regulation and Corporate Capitalism
- Corporate Control and Managerial Power
- Corporate Social Responsibility and Government
- The State, Business, and Training
- Social Policy and Business
- Public–Private Partnerships in Business and Government
- Entrepreneurship and Small Business Policy: Evaluating its Role and Purpose
- Consumer Policy: Business and the Politics of Consumption
- Media Economics and the Political Economy of Information
- Environmental and Food Safety Policy
- Network Utilities: Technological Development, Market Structure, and Forms of Ownership
- Endogenous Trade Protection: A Survey
- Competition Policy
- General Index
