Perspectives on Subsidies and Trade Protection

Nikolaos Zahariadis

Chapter Chapter 2 in State Subsidies in the Global Economy, 2008, pp 23-36 from Palgrave Macmillan

Abstract: Abstract A good way to understand subsidization efforts is to survey the explanations advanced by other analysts. Such review exposes deficiencies in current thinking about trade protection and helps place the contributions made by the present study in a broader context. I review two approaches to trade protection: society-centered and state-centered perspectives. While each illuminates different aspects of the subsidization puzzle, both suffer from serious analytical gaps. I then explore the merit of yet another theoretical attempt that takes elements of the two approaches and blends them in a theoretically concise and meaningful way. I flesh out this synthetic model and identify its limitations, which I overcome in subsequent chapters. Although the overwhelming majority of studies on protection refer to instruments such as tariffs or quotas, the logic applies to protection in the form of subsidies as well.

Keywords: Median Voter; Consumer Welfare; Direct Democracy; Trade Protection; Institutional Rule (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_2

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DOI: 10.1057/9780230610514_2

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