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Tariff Escalation
Tariff Escalation
Higher tariffs on imports of more highly processed commodities.
(Wade, R. (2003). “What strategies are viable for developing countries today? The World Trade Organization and the shrinking of ‘development space’”, Review of International Political Economy, 10 (4), pp. 621-644.)
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Tariff escalation refers to higher tariffs on imports of more highly processed commodities.
Approved for glossaryposting by Ben Eisen on January 27, 2011