Industrial policy and productivity: The case of import quota removal during post-war Japan

Kozo Kiyota, Tetsuji Okazaki 06 January 2014

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Quantifying the effects of industrial policies is one of the most important research issues in various fields of economics.1 One of the most controversial industrial policies is the Japanese policy during the post-war period.2 The controversy arises because the success of some of the Japanese industrial policies has been used to justify targeting policies in other countries, including the US.3 Accordingly, several studies have attempted to quantify the effects of Japanese industrial policy (e.g., Beason a

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Topics:  Industrial organisation International trade

Tags:  tariffs, Japan, industrial policy, quotas

AGOA rules: The intended and unintended consequences of special fabric provisions

Lawrence Edwards, Robert Z. Lawrence 20 November 2013

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The US and EU often claim credit for granting duty-free quota-free access to products from the least developed countries. Such preferential treatment is of interest not only because it might provide one-time benefits in the form of higher incomes and increased employment, but also because trade is often associated with dynamic benefits that lead to faster growth and development.

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Topics:  Development International trade

Tags:  development, Africa, tariffs, quotas

Will the WTO Bali conference advance the Doha Round and Asia?

Matthias Helble, Ganeshan Wignaraja 13 November 2013

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Trade negotiators from Asia and elsewhere are locked in intense negotiations to lay the platform for a Doha trade deal at the WTO Ministerial Conference in Bali, Indonesia, 3–6 December 2013. A new WTO Director-General, a ministerial venue in an influential Asian country, the risk of eroding WTO credibility, and the advent of mega-regional trade agreements have all enthused and motivated trade negotiators. This article assesses what the Bali Ministerial Conference might reasonably deliver, and how this may advance the Doha Round and Asia’s trade.

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Topics:  Global governance International trade

Tags:  WTO, trade, tariffs, Doha, Asia, trade facilitation, food security, Bali, tariff-quota administration

‘No gain without pain’: Antidumping protection hurts exports

Hylke Vandenbussche, Jozef Konings 30 January 2013

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Protection is often viewed as a powerful instrument to help domestic firms to raise their sales at the expense of foreign importers. But this view is now being challenged by recent research showing that the effects of protection really depend on the international orientation of the firms i.e. whether they are exporters or not. Protected firms that are well integrated in global value chains may actually lose sales whenever the imports of inputs are subject to protection.

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Topics:  International trade

Tags:  France, EU, trade, tariffs, protectionism, global value chains

Effects of exchange-rate misalignments on tariffs

Vera Thorstensen, Lucas Ferraz, Emerson Marçal 04 December 2011

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The subject of currency wars and trade wars is gradually gathering interest among scholars and public opinion. In the face of the magnitude of present misalignments and their clear impacts on trade, one may wonder why and how this issue is absent from trade rules and multilateral trade negotiations at the WTO in Geneva.

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Topics:  Exchange rates International trade

Tags:  WTO, tariffs, exchange-rate misalignment

Determinants of trade-policy responses to the 2008 financial crisis

Kishore Gawande, Bernard Hoekman, Yue Cui 10 November 2011

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The “Great Trade Collapse” that occurred between the second quarter of 2008 and the third quarter of 2009 was the steepest fall of world trade in recorded world history. Despite the trade collapse, the 2008 crisis and its recessionary aftermath did not fuel widespread protectionism.

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Topics:  International trade

Tags:  tariffs, protectionism, vertical specialisation

Corruption and its impact on trade: Extortion or evasion?

Pushan Dutt, Daniel Traça 25 June 2009

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In 2008, the World Bank allocated $4.4 billion for improving public sector governance in various countries and projects across the world. This equals an impressive 18.8% of total World Bank lending.

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Topics:  International trade

Tags:  Corruption, tariffs, extortion, evasion

The Doha Round: A safety net in stormy weather

David Laborde Debucquet, Antoine Bouët 14 May 2009

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The current financial crisis has fostered a demand for protectionism, and could lead to new trade barriers as occurred after the October 1929 crisis. A parallel can easily be drawn between the current situation and the one that existed then. In the early 1930s, unemployment was rising, a fear of deflation was prevailing, and a lack of public resources (especially in countries that paid war reparations) prevented governments from remedying the economic crisis.

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Topics:  International trade

Tags:  Doha Round, tariffs, protectionism

Trade protection: Incipient but worrisome trends

Richard Newfarmer, Elisa Gamberoni 04 March 2009

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With the global economy teetering on the abyss of severe recession, political pressures demanding import protection to protect employment are surfacing with increasing intensity around the world. However, if there is one lesson from the experience of the 1930s, it is that raising trade barriers merely compounds recessionary forces – and risks pushing the economy into prolonged contraction.

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Topics:  International trade

Tags:  tariffs, non-tariff barriers, subsidies, protectionism, anti-dumping

Many trade barriers remain high in the EU

Natalie Chen, Dennis Novy 27 January 2009

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Establishing why some countries trade considerably less than others is one of the most important items on the agenda of international economists. A deeper understanding of the factors that impede international trade is important because it would enable a better evaluation of their welfare costs. Those are suspected to be large – on their own, policy-related trade barriers may be worth more than 10% of national income (Anderson and van Wincoop 2002).

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Topics:  International trade

Tags:  EU 50th anniversary, tariffs, gravity model, technical barriers to trade

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