Regulatory Theory and its Application to Trade Policy

The purpose of this book, first published in 1990, is to explain the varying levels of protection from foreign competition across US industries by focusing on factors that affect both the supply of and demand for the regulation of trade. What circumstances lead industries to request protection, and what factors affect the government’s decision of whether or not to supply that protection? What factors best explain the actions of interest groups and the decisions of regulators? This detailed study answers these key questions and more.