International Co-ordination of Domestic Industrial Policies

Motoshige Itoh
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Motoshige Itoh: University Of Tokyo

Chapter 11 in International Finance and Trade in a Polycentric World, 1988, pp 324-337 from Palgrave Macmillan

Abstract: Abstract International co-ordination of individual countries’ industrial policies1 is viewed entirely differently from international co-ordination of their macroeconomic policies. Although many argue for active international co-ordination of domestic macroeconomic policies, the general attitude toward industrial policy has been that, while barriers to trade should be removed, domestic economic policies should be left to the discretion of individual countries. Although the post-war GATT system has contributed greatly to the efficiency of the international economic system by removing quotas and cutting tariffs, it has made almost no effort to develop any broader international co-ordination of domestic industrial policies.

Keywords: Foreign Firm; Industrial Policy; Domestic Firm; International Joint Venturis; Monopoly Rent (search for similar items in EconPapers)
Date: 1988
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Persistent link: https://EconPapers.repec.org/RePEc:pal:intecp:978-1-349-09745-6_11

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DOI: 10.1007/978-1-349-09745-6_11

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