Trade, Domestic Distortions and Subsidies
Literature on non-tariff distortions of international competition has burgeoned and encompassed the study of both explicit trade policy instruments and trade-influencing instruments of domestic policy. The study reported on in these pages was limited to the latter category and, specifically, to the potential effects on trade of public subsidies to private enterprise in the manufacturing industry of the United Kingdom.
KeywordsFlexible Exchange Rate Domestic Policy Public Subsidy Trade Effect Market Distortion
Unable to display preview. Download preview PDF.
- 1.Richard N. Cooper, The Economics of Interdependence (New York: McGraw-Hill, for the Council on Foreign Relations, 1968).Google Scholar
- 2.Robert E. Baldwin, Non-Tariff Distortions of International Trade (Washington: Brookings Institution, 1970).Google Scholar
- 3.Robert G. Hawkins, “Intra-EEC Capital Movements and Domestic Financial Markets”, in Fritz Machlup et al. (eds), International Mobility and Movement of Capital (New York: National Bureau of Economic Research, 1972), pp. 51–77.Google Scholar
- 4.Jagdish Bhagwati and V. K. Ramaswami, “Domestic Distortions, Tariffs and the Theory of Optimum Subsidy”, Journal of Political Economy, Chicago, Feb 1963, pp. 44–50.Google Scholar
- 5.Jagdish Bhagwati, “The Generalized Theory of Distortions and Welfare”, in Bhagwati et al. (eds), Trade, Balance of Payments and Growth, Papers in International Economics in Honour of Charles P. Kindleberger (Amsterdam: North-Holland, 1971), pp. 69–90.Google Scholar
- 6.Ian Little, Tibor Scitovsky and Maurice Scott, Industry and Trade in Some Developing Countries (London: Oxford University Press, 1970).Google Scholar
- 7.Harry G. Johnson, “Optimal Trade Intervention in the Presence of Domestic Distortions”, in Baldwin (ed.), Trade, Growth and the Balance of Payments, Essays in Honour of Gottfried Haberler (Chicago: Rand McNally, 1965), p. 25.Google Scholar