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Three Simple Principals of Trade Policy

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The author argues that a tax on imports commensurately creates a tax on exports, and that trade imbalances reflect capital flows between countries.
  • January 1, 2002
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This is a sharp, accessible primer on the fundamentals of trade policy from acclaimed economist Douglas Irwin, who cuts through today's fiercest trade debates by showing why import taxes quietly act as export taxes and why trade deficits are really a story of international capital flows, giving readers, policymakers, and investors a clear framework for understanding tariffs, US commercial policy, and the global economy.


The author argues that a tax on imports commensurately creates a tax on exports, and that trade imbalances reflect capital flows between countries.

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Price: $9.95
Pages: 36
Publisher: AEI Press
Imprint: AEI Press
Publication Date: January 1, 2002
Trim Size: 8.52 X 5.55 in
ISBN: 9780844770796
Format: Paperback
BISACs: BUSINESS & ECONOMICS / International / Economics & Trade, International economics, POLITICAL SCIENCE / Public Policy / Economic Policy, BUSINESS & ECONOMICS / International / Taxation, International trade & commerce, Central / national / federal government policies, Political economy, International business, Public finance & taxation
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