Chapter 4. Subsidies and Countervailing Duties
Objektkategorie:
Elektronische Ressource
Person/Institution:
Entstehungszeit:
2016
Sprache:
Englisch
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Abstract:
This survey pays attention to a recent development of the literature that analyzes two important regulatory features found in the Agreement on Subsidies and Countervailing Measures (the SCM agreement): the restrictive treatment of domestic subsidies and the general prohibition of export subsidies. The WTO's restriction on domestic subsidies is challenged by the existing terms-of-trade theory that offers an efficiency foundation for the market-access focus of the GATT rules. On the other hand, against the backdrop of the SCM agreement and preferential trade agreements (PTAs), a recent literature attempts to provide a rationale for the WTO to restrict the use of domestic subsidies and for trade agreements to take a deep-integration approach to domestic policies. To offer a rationale for the prohibition of export subsidies, a recent literature considers a firm-delocation externality and a profit-shifting externality in various imperfect competition settings.
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Datensatz angelegt am:
2023-04-12
Zuletzt geändert am:
2023-01-20
In Portal übernommen am:
2023-04-12
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