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National Subsidies in the Global Economy

Nikolaos Zahariadis

Chapter Chapter 8 in State Subsidies in the Global Economy, 2008, pp 159-168 from Palgrave Macmillan

Abstract: Abstract Why is there still so much protectionism despite political rhetoric extolling the virtues of free trade, favorable economic theory and evidence, and legal pressure to dismantle protectionist measures? “Virtually every industrialized country and most of the developing world have utilized a variety of protectionist measures” (Lutz, 2000, p. 17). If this is an accurate description of reality, why do national governments still subsidize their industries with varying zeal?

Keywords: Trade Openness; Coalition Formation; Portfolio Investment; Consumer Welfare; Domestic Economy (search for similar items in EconPapers)
Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-61051-4_8

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DOI: 10.1057/9780230610514_8

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