International political economy has already been shown to be powerful to explain the global trade growth. In this paper we offer a brief survey of international political economy of trade policy. In addition to this, ...International political economy has already been shown to be powerful to explain the global trade growth. In this paper we offer a brief survey of international political economy of trade policy. In addition to this, we also try to address three questions: (1) How does electoral competition affect trade policy? Suppose two parties compete for the power over trade policy, would the two parties choose the same tariff?. (2) We observe that the US tariffs decline over time, so do the declining U.S. tariffs lead to the fall of the Democratic vote share in the election? (3) What is the relationship between trade globalization and political liberalization? Put it another way, how does trade affect democracy? And conversely, how does democracy affect trade?展开更多
文摘International political economy has already been shown to be powerful to explain the global trade growth. In this paper we offer a brief survey of international political economy of trade policy. In addition to this, we also try to address three questions: (1) How does electoral competition affect trade policy? Suppose two parties compete for the power over trade policy, would the two parties choose the same tariff?. (2) We observe that the US tariffs decline over time, so do the declining U.S. tariffs lead to the fall of the Democratic vote share in the election? (3) What is the relationship between trade globalization and political liberalization? Put it another way, how does trade affect democracy? And conversely, how does democracy affect trade?