Why Are Trade Barriers So Low?

The article, “Why Are Trade Barriers So Low?,” contests the recent political economy literature, which suggests tariff rates should be high, by pointing out that tariffs are relatively low in developed countries.

Summarize each of the article’s six explanations for the disparity between theory and reality. Next, choose one of the six explanations you believe to be the most compelling reason for the current relatively low tariffs and provide argument and evidence to support your choice.

Your paper should be 4-6 pages in length, not including the title or reference pages, and conform to APA Requirements