liberal trade policy

Related Overviews


'liberal trade policy' can also refer to...


More Like This

Show all results sharing this subject:

  • Economics


Show Summary Details

Quick Reference

A trade policy aimed at allowing a country's residents to take part in international trade with the minimum of interference. This involves the reduction of tariffs, the relaxation or removal of quantitative trade controls, and replacement of discretionary controls by rules, and of quantitative controls by tariffs. It also involves the replacement of multiple exchange rates by a uniform system of exchange rates, and the replacement of exchange controls by sufficient devaluation to allow a satisfactory balance of payments without controls.

Subjects: Economics.

Reference entries

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.