Conclusions on the Logic of Government Intervention
The aim in this final chapter is to look at some broad issues concerned with the logic of subsidisation and protection, drawing where appropriate on the information in the six preceding studies and also on general economic theory.1 A particular generalisation will be put forward, but it would be wrong to conclude that it follows inevitably from the six earlier studies.
KeywordsPublic Assistance Coal Industry Cotton Yarn Shipbuilding Industry Import Quota
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Notes and References
- 1.For a fuller study, see W. M. Corden, Trade Policy and Economic Welfare (Oxford: Clarendon Press, 1974).Google Scholar
- 3.Colin Robinson, The Energy “Crisis” and British Coal, Hobart Paper No. 59 (London: Institute of Economic Affairs, 1974).Google Scholar
- 4.W. M. Corden, I. M. D. Little and M. F’G. Scott, Import Controls versus Devaluation and Britain’s Economic Prospects, Guest Paper No. 2 (London: Trade Policy Research Centre, 1975).Google Scholar
- 6.The Motor Vehicle Industry Fourteenth Report from the Expenditure Committee, House of Commons, HC 617, 1974–75 (London: HMSO, 1975).Google Scholar
- 7.The Future of the British Car Industry Report by the Central Policy Review Staff (London: HMSO, 1975).Google Scholar