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Regional Subsidies and International Trade

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

Abstract

Regional subsidies originate in the fact that the distribution of levels of income and employment among regions within national frontiers rarely approximates to what is considered socially acceptable. The differences in economic conditions between one region and another may be attributable to regional preferences, and market imperfections, which reduce the mobility of factors of production: or, if such differences are thought to derive from natural causes, such as remoteness, they may be regarded as being at variance with a social preference for balanced development of the whole country.

Keywords

International Trade Regional Policy European Monetary Union Free Trade Area Public Subsidy 
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. 4.
    Thomas Wilson, “Finance for Regional Industrial Development”, Three Banks Review, Manchester, September 1967.Google Scholar
  2. 5.
    Harry G. Johnson, “The Implications of Free or Freer Trade for the Harmonization of Other Policies”, in Johnson, Paul Wonnacott and Hirofumi Shibata, Harmonization of National Economic Policies Under Free Trade (Toronto: University of Toronto Press, for the Private Planning Association of Canada, 1968), pp. 1–41.Google Scholar
  3. 6.
    A. J. Brown, The Framework of Regional Economics in the United Kingdom (Cambridge: Cambridge University Press, for the National Institute of Economic and Social Research, 1972).Google Scholar
  4. 8.
    B. Moore and J. Rhodes, “Evaluating the Effects of British Regional Economic Policy”, Economic Journal, London, March 1973.Google Scholar

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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