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Adjustment Assistance and Structural Support

  • Geoffrey Denton
  • Seamus O’Cleireacain
  • Sally Ash
Part of the Trade Policy Research Centre book series

Abstract

This chapter attempts to relate the problem of malfunctioning internal markets with the social effects of trade liberalization, and discusses how an international consensus may be achieved in specifying limits for national policy. In a world of changing tastes, techniques, sources of materials and public policy, it would be unrealistic to expect that once a national industry had gained a comparative advantage in the production of a particular product it should not be liable to challenge from overseas. In particular, the world-wide diffusion of technical knowledge causes international competitive positions to change rapidly, and technological leads built up over many years are subject to sudden erosion. A study of the trade effects of domestic subsidies would therefore be incomplete without some discussion of the methods available to governments to alleviate the social problems arising from structural change.

Keywords

Capital Stock Comparative Advantage Trade Liberalization Unemployed Worker Average Earning 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Notes

  1. 3.
    Robert M. Stern, Internal Adjustment to External Economic Disturbances, International Economics Discussion Paper No. 41 (Ann Arbor: University of Michigan, 1972).Google Scholar
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    Robert E. Baldwin and John H. Mutti, “Policy Problems in the Adjustment Process”, in Helen Hughes (ed.), Prospects for Partnership: Industrialization and Trade Policies in the 1970s (Baltimore: Johns Hopkins University Press, for the International Bank for Reconstruction and Development, 1973).Google Scholar
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    Kenneth W. Dam, The GATT Law and International Economic Organization (Chicago: University of Chicago Press, 1970), pp. 311–12.Google Scholar
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    Ronald J. Wonnacott and Paul Wonnacott, Free Trade Between the United States and Canada (Cambridge: Harvard University Press, 1967), p. 312.Google Scholar
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    Marvin M. Fooks, “Trade Adjustment Assistance”, in Presidential Commission on International Trade and Investment Policy, United States International Economic Policy in an Interdependent World, Compendium of Technical Papers (Washington: United States Government Printing Office, 1971), Vol. I, pp. 343–66.Google Scholar
  10. 22.
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Copyright information

© Trade Policy Research Centre 1975

Authors and Affiliations

  • Geoffrey Denton
    • 1
  • Seamus O’Cleireacain
    • 2
  • Sally Ash
    • 1
  1. 1.University of ReadingUK
  2. 2.State University of New YorkUSA

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