Hidden Bibliographic Details
| Other authors / contributors: | Tan, Ling Hui, author.
International Monetary Fund. European I Department, issuing body.
IMF Institute, issuing body.
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| ISBN: | 1451894287
9781451894288
1281600784
9781281600783
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| ISSN: | 2227-8885
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| Notes: | Includes bibliographical references (page 17).
Restrictions unspecified
Electronic reproduction. [S.l.] : HathiTrust Digital Library, 2010.
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212
digitized 2010 HathiTrust Digital Library committed to preserve
Print version record.
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| Summary: | The literature on strategic trade policy has shown that in the presence of imperfect competition, activist use of trade and industrial policies can shift economic rents from foreign firms to domestic firms and thus increase home welfare. 2 Although this finding can be seen as providing justification for mercantilist policies such as import protection or export promotion, there is little empirical support for the existence of meaningful gains from strategic trade policy, and in any case practical application of such activist policies is beset with problems such as the difficulty of identifying the appropriate industry to target, judging the scope and magnitude of any policies, and the possibility of retaliation by trading partners that leaves all countries worse off. Moreover, extensions of the original and quite stylized theoretical framework underlying the strategic trade policy literature have shown that even the very possibility of welfare gains is sensitive to the specific assumptions made in the modeling framework.
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| Other form: | Print version: Swagel, Phillip. Unionization and strategic trade policy. [Washington, D.C.] : International Monetary Fund, European I Dept. and IMF Institute., 2000
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| Standard no.: | 10.5089/9781451894288.001
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