Negotiation of Rules on Subsidies in a World of Economic Interventionism

Harald B. Malmgren

Chapter 10 in International Trade and Industrial Policies, 1978, pp 210-231 from Palgrave Macmillan

Abstract: Abstract There appears to be consensus that state aids to industry are growing in scope and in effect, worldwide. These aids are sometimes general, such as in the case of investment incentives available to all industries, and at other times they are specific to a particular firm, industry, region, or area of research and development. Their effects are to distort market conditions and to reorient the pace and direction of adjustment of the industrial structure of each nation. Consequently, aids distort the conditions of international trade, affecting imports as well as exports. They can create adverse effects, giving rise to disruption or injury to particular economic interests. This brings about the potential for conflict among nations.

Keywords: International Trade; Trade Policy; Industrial Policy; Competition Policy; Dispute Settlement (search for similar items in EconPapers)
Date: 1978
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-03412-3_11

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DOI: 10.1007/978-1-349-03412-3_11

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