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Empirical Studies of Strategic Trade Policy
     

Empirical Studies of Strategic Trade Policy

by Paul Krugman (Editor), Alasdair Smith (Editor)
 

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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

Overview

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.

Editorial Reviews

Booknews
Examines steps governments take to increase the economic position of their own industries at the expense of those in other countries, such as subsidizing exports, erecting trade barriers, protecting certain firms from foreign competition, or promoting the development of new industries. The nine papers detail the strategies and successes of US and European automobiles, US steel, commercial aircraft, Scandinavian airline deregulation, and labor and industrial policy in Korea and Taiwan. Annotation c. Book News, Inc., Portland, OR (booknews.com)

Product Details

ISBN-13:
9780226454603
Publisher:
University of Chicago Press
Publication date:
04/28/1994
Series:
National Bureau of Economic Research Project Report Series
Edition description:
1
Pages:
251
Product dimensions:
6.20(w) x 9.20(h) x 0.80(d)

Meet the Author

Paul Krugman won the 2008 Nobel Memorial Prize in Economic Sciences.

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