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As the threat of "new protectionism" has grown during the 1970s and the governments of most developed countries are struggling to keep intact the "liberal international economic order" of the three postwar decades, the question of import competition has risen to the forefront of policy discussions.
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Key Phrases - Statistically Improbable Phrases (SIPs):
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price facing domestic producers, optimal dynamic subsidy, private maximizing behavior, continual full employment, optimal adjustment path, lobbying equilibrium, rental differential, private capital owners, tariff lobbying, significant multilateral tariff reduction, varying quota, private maximization, true social benefit, efficient tariff, lobbying response, foreign supply curve, trade adjustment assistance, tariff proceeds, income recovery, adjustment technology, varying tariff, autarky equilibrium, optimum tariff, private discount rate, equilibrium locus
Key Phrases - Capitalized Phrases (CAPs):
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United States, Journal of International Economics, Journal of Political Economy, New York, American Economic Review, Quarterly Journal of Economics, Columbia University, Economic Journal, Kennedy Round, Tokyo Round, Paul Krugman, Review of Economic Studies, Trade Expansion Act, Harvard University Press, Rome Treaty, Trade Agreements, United Kingdom, Entire All, European Community, Government Printing Office, Michael Bruno, Peter Neary, References Bhagwati, Sample Recipients Recipients Recipients Recipients, West Germany
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