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Empirical Studies of Strategic Trade Policy (Hardcover, New)
Loot Price: R1,784
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Empirical Studies of Strategic Trade Policy (Hardcover, New)
Series: NBER-Project Reports (CHUP)
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Since the 1980s, economists have used the concept of strategic
trade policy, which takes account of imperfect competition and
increasing returns in the international marketplace, to criticize
conventional views about free trade. According to the new view, a
government can take strategic steps to raise its income at another
country's expense--by subsidizing exports or erecting trade
barriers, protecting certain firms from foreign competition, or
promoting the development of new industries. This volume looks at
the experience of specific industries in order to determine the
effectiveness of strategic trade policy in promoting economic
growth.
The nine papers cover the U.S. and European auto industries, the
U.S. steel industry, the commercial aircraft industry, airline
deregulation in Scandinavia, and labor and industrial policy in
Korea and Taiwan. The authors refine the basic techniques for
measuring policy effectiveness, extend them to encompass industry
dynamics, and test the implications of new trade models.
International economists and trade experts in government and
business will find important new insights into the role of
strategic trade policy in international competitiveness.
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