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This paper begins with a discussion of what constitutes corporate welfare, then proceeds to apply the corporate welfare concept to the steel industry in the United States. A review is made of the various government supports that the steel industry has enjoyed since 1969. Studies have estimated...
Persistent link: https://www.econbiz.de/10014084457
This paper examines the various arguments that have been put forth in favor of protectionism, from both an accounting and philosophical perspective. The author concludes that arguments against free trade are based on faulty premises, illogical reasoning or incorrect facts. Part 2. This paper was...
Persistent link: https://www.econbiz.de/10012981890
The phased elimination of the Multi-Fibre Arrangement has been one of the most compelling trade policy reforms of the early twenty-first century, and has brought in significant changes in the industrial structures of the countries of the global south. The textile and clothing industry is the...
Persistent link: https://www.econbiz.de/10010465456
To date, government procurement has been effectively carved out of the main multilateral rules of the WTO system. This paper examines the systemic and other ramifications of this exclusion, from both an economic and a legal point of view. In addition to relevant elements of the WTO Agreements,...
Persistent link: https://www.econbiz.de/10010430680
We investigate the response of US trucking firms to the removal of barriers to crossborder trucking under NAFTA. This was done via a program implemented in 2007, cancelled in 2009, and reinstated in 2011. We find that, unsurprisingly, the program's start resulted in lower stock returns,...
Persistent link: https://www.econbiz.de/10010467794
position has neither theoretical support nor empirical evidence in its favor. Given that protection may have other - usually …
Persistent link: https://www.econbiz.de/10011420101
This paper investigates economic and political determinants of protection across the secondary (manufacturing) sector … compared to the rest-of-the-world to have low levels of protection. Moreover, the degree of protection should change as the … industries may enjoy a great deal of protection because of political lobbying (...) …
Persistent link: https://www.econbiz.de/10011576560
quota-based. We exploit this extensive heterogeneity in trade protection to examine the well-established theoretical …-based protection, but not tariff-based protection, particularly with respect to integrated and minimill steel producers. Our results …
Persistent link: https://www.econbiz.de/10013106835
Persistent link: https://www.econbiz.de/10012431430
This paper considers the policy options of the West Bank and Gaza (WBG) with respect to trade and the exports of labor services. It concludes that i) a non-discriminatory trade policy (NDTP) is unambiguously superior to an FTA with Israel; ii) the WBG should pursue a NDTP with all its neighbors,...
Persistent link: https://www.econbiz.de/10013319471