The fiscal implications of reducing trade taxes

MANY DEVELOPING COUNTRIES' ATTEMPTS AT TRADE LIBERALIZATION THROUGH THE REDUCTION OF TARIFFS "FAIL" BECAUSE THE COUNTRY DID NOT ANTICIPATE ALL THE CONSEQUENCES OF TARIFF CUTS OR DID NOT COORDINATE THEM WITH OTHER MACROECONOMIC GOALS. THE ARTICLE DISCUSSES THE LIKELY AND COMPLEX IMPACT...

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Bibliographic Details
Published inFinance & development Vol. 27; no. 1; pp. 37 - 39
Main Author Cheasty, Adrienne
Format Journal Article Magazine Article
LanguageEnglish
Published Washington, D.C International Monetary Fund 01.03.1990
International Monetary Fund and the International Bank for Reconstruction and Development
Subjects
Analysis
Commerce
Developing countries
ECONOMIC POLICY
ECONOMIC SYSTEM IN DEVELOPING COUNTRIES
Effects
Exports
Fiscal policy
FREE TRADE
Imports
International trade
LDCs
Liberalization
Reforms
TARIFFS
Tax revenues
Taxation
Trade liberalization
Trade policy
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Summary:MANY DEVELOPING COUNTRIES' ATTEMPTS AT TRADE LIBERALIZATION THROUGH THE REDUCTION OF TARIFFS "FAIL" BECAUSE THE COUNTRY DID NOT ANTICIPATE ALL THE CONSEQUENCES OF TARIFF CUTS OR DID NOT COORDINATE THEM WITH OTHER MACROECONOMIC GOALS. THE ARTICLE DISCUSSES THE LIKELY AND COMPLEX IMPACT OF TARIFF CUTS ON THE BUDGET INCLUDING: THE DIRECT IMPACT, THE ECONOMY'S RESPONSE, AND THE TRANSITIONAL COSTS. IT ALSO OFFERS SOME GENERAL POLICY GUIDELINES TO HELP THE BUDGET CAPTURE THE LONG-TERM GAINS FROM FREER TRADE.
Bibliography:ObjectType-Article-1
SourceType-Scholarly Journals-1
ObjectType-Feature-2
content type line 23
ISSN:0145-1707
0015-1947
1564-5142