Voluntary Import Expansion

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Voluntary Import Expansion

A change in a country's policies to allow more imports. Examples include lowering tariffs or dropping import quotas. Voluntary import expansion may occur as part of a trade agreement with another country, in which both partners move to expand imports, or it may be a result of international pressure. See also: Economic imperialism.
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Chapter nine is devoted to an aspect of trade policy particularly suited for the 1990s: Is it rational for countries such as Japan to erect hidden barriers to trade, and if so, are "results-oriented trade policies" such as voluntary import expansions welfare enhancing?
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