US EditionA Tale of Tariffs and the Making of the Modern Offshore Market
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A Tale of Tariffs and the Making of the Modern Offshore Market
David Chan Smith argues that tariff regimes during the eighteenth century encouraged modern history’s first offshore markets to reroute goods through jurisdictions that faced lower tariff rates. This historical “entrepôt trade” could outstrip the legal trade of some goods and carries lessons for contemporary revisions to international trade.
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