Trade Warriors: States, Firms, and Strategic-Trade Policy in High-Technology Competition / Edition 1 available in Paperback
- Pub. Date:
- Cambridge University Press
In such areas as civil aircraft, semiconductors, high definition television, robotics, and superconductors, states are subsidizing their national champions and competing for market share in the "industries of tomorrow." This book explains why states intervene and (or) retaliate in some high technology industries, but not in others, and how these commercial rivalries are likely to unfold. Dr. Busch argues that states subsidize national champions in industries promising externalities for domestic industries, spend more on subsidies where these benefits do not escape national borders, and are more likely to bring these commercial rivalries back from the brink of a trade war where these subsidies leave both states worse off.
|Publisher:||Cambridge University Press|
|Edition description:||New Edition|
|Product dimensions:||6.02(w) x 8.98(h) x 0.51(d)|
Table of Contents
1. Introduction; 2. The argument; 3. The Civil Aircraft rivalry; 4. The semiconductor rivalry; 5. The high definition television rivalry; 6. Robotics, superconductors and wheat; 7. Conclusion.