Race-to-the-bottom Unilateralism

  • Pierre-Louis Vézina
  • Published 2010


This paper provides the first empirical assessment of a tariff race-to-the-bottom. Using spatial econometrics methods, I show that political economy forces unchained by FDI-generated employment stir an international tariff cutting competition. This race-to-the-bottom explains part of the unilateral trade liberalization that fostered the creation of Factory… (More)


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