In This Review
Import Liberalization and Employment

Import Liberalization and Employment

By Walter S. Salant and Beatrice N. Vaccara

Brookings Institution, 1961, 388 pp.

This careful study makes a major contribution to our understanding of some key issues in foreign trade policy. While the results of its detailed analysis cannot be summarized in a sentence, the gist of them is that even substantial increases in competitive imports would probably have less drastic effects on domestic employment than is often assumed.