Look back at Figure 10-5, specifically at the left part of the figure. How does the historical trade policy of the United States compare with that of developing countries in the 20th century? Why do you think the results seem to have been so different? 

Transcribed Image Text:

Tariff rate (percent) 60 50 40 20 1896 FIGURE 10-5 1916 1921 1926 The U.S. Tariff Rate After rising sharply at the beginning of the 1930s, the average tariff rate of the United States has steadily declined. 1936 1941 1956 1966 1976 1981 1986 1991 1996 2001 30 10 1891 1901 1906 1911 1931 1946 1951 1961 1971 2006 2011