Article Title
Abstract
This paper is focused on interpreting the effects of import tariff policy on domestic economic growth in the small market economies of developing nations. There have been several previous studies that have investigated the effect of tariff policy on domestic consumers and producers of already established economies. In addition, there have also been many studies assessing the effects tariffs from developed countries have on developing countries. However, few reports have been done on how tariffs impact the domestic producers of a developing nation. It is widely accepted that open and free trade is the best method for facilitating growth and innovation across highly developed economies. However, for non-developed economies there is still a case to be made that tariff rather than free trade offer the most benefit. The argument made is that by protecting domestic firms from foreign competition, they can grow to a level that can compete with the large firms of developed economies.
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