Template-type: ReDIF-Paper 1.0
Author-Name: Roy Trinder  
Author-Workplace-Name: The Plymouth Business School 
Author-Name: Tim Auburn 
Author-Workplace-Name: The Plymouth Business School 
Title: Voluntary Export Restraints: A Suitable Case for Political Economy Investigation
Abstract: Increasingly throughout the 1970's and 80's protectionist 
external-trade policies have proliferated in both the advanced and developing worlds. This new 
	protectionism has been attributed to a variety of causes: the world recession, intensified by the 
	two oil crises of 1973 and 1979; to the emergence of new economic powers, mainly Japan and other 
	Asian countries; to technological change; and to the introduction of a floating exchange rate 
	regime. More accurately it should be described as renewed protectionism. During the period 1950 
	to 1970 the most obvious symptoms of protectionism subsided, but by no means disappeared, and the 
	last decade or so has seen a reversal of this trend. Nonetheless, the tariff reductions painfully 
	negotiated under the aegis of the Kennedy and Tokyo Rounds have been retained, so resort to 
	non-tariff barriers has been greater. In particular new devices have been introduced and foremost 
	amongst them have been voluntary exportrestraint agreements (VER's). In this review I intend to 
	look at the nature of the VER arrangements, the economic effects that appear to accompany their 
	introduction and outline the political economy elements that explain their proliferation.

Keywords: Comercio exterior, Proteccionismo, Restricción a la exportacion.

Length: 21 pages 
Creation-Date: 1987 
Number: 87-18
X-File-Ref: http://america.sim.ucm.es/repec/ucm/ref/doctra87-18.txt	 
File-URL: https://eprints.ucm.es/id/eprint/21184/1/8718.pdf
File-Format: Application/pdf
Handle: RePEc:ucm:doctra:87-18