Subsidies and other Industrial Aids
For some decades now, programs and agencies to aid industry in different ways have proliferated in industrial countries, pari passu with the liberalization of international trade. This is a source of concern to those who see in such practices the demise of the mixed economy, a new and covert protectionism, a source of international conflict, and an issue on which negotiated agreement may be difficult to come by.
KeywordsInternational Trade Trade Liberalization Industrial Policy Saving Bank Export Subsidy
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Notes and References
- 3.In Raymond Vernon, ed., Big Business and the State ( Cambridge, Mass: Harvard University Press, 1974 ), p. 74.Google Scholar
- 4.See OECD, Adjustment for Trade (Paris, 1975).Google Scholar
- 5.For example, by Robert E. Baldwin, in Nontariff Distortions of International Trade ( Washington, D.C.: Brookings, 1970 ).Google Scholar