Fig. 1: Possible Regimes with Equal
Internal and External Tariffs
Fn
Fig. 2: Regimes with a Lower Internal Tariff
[Shaded area has FDI although X was never profitable there]
Fig. 1: Possible Regimes with Equal
Internal and External Tariffs
Fn
Fig. 2: Regimes with a Lower Internal Tariff
[Shaded area has FDI although X was never profitable there]