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Unformatted text preview: pressuring government to enact certain policies • Triggers of self-interested action: greater weight placed on loss than gain of same amount • Prisoners dilemma: protectionist policy always dominant strategy but higher gains come if both countries cooperate o 2) Social Concerns Approach : considers effects on welfare of certain social and economic groups Concern for changing distribution of income: political concerns not really altruistic, increase standard of living of certain groups Trade policy as foreign policy: hegemonic states adopt liberal trade policy to influence foreign policy • Example: Cold War...
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This note was uploaded on 05/01/2008 for the course ECON 243 taught by Professor Koopman during the Spring '08 term at Georgetown.
- Spring '08