Old and new trade policies

Includes bibliography

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Autor principal: Lederman, Daniel
Formato: Texto
Lenguaje:English
Publicado: 2014
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Acceso en línea:http://hdl.handle.net/11362/10470
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spelling oai-11362-104702020-03-03T20:03:42Z Old and new trade policies Lederman, Daniel COMERCIO INTERNACIONAL POLITICA COMERCIAL POLITICA INDUSTRIAL PROTECCIONISMO VENTAJA COMPARATIVA COMPARATIVE ADVANTAGE INDUSTRIAL POLICY INTERNATIONAL TRADE PROTECTIONISM TRADE POLICY Includes bibliography Latin American development strategies have historically been inextricably linked with trade theory and policy. The author's main argument is that the old infant industry and the new strategic trade arguments are fundamentally similar. Among their similarities is the justification of selective protection of certain economic sectors. Among their differences, the infant industry argument justifies temporary protection, while the argument in favour of strategic protection of certain industries justifies their protection on an indefinite basis. Yet, in the context of turning inward-oriented into outward-oriented economies, the difference between trade policy and industrial policy becomes nebulous. This is due to the theoretical conclusion drawn by both arguments -both of which favour protectionism- that the best, most welfare- enhancing policy choice, even for strategic sectors, is the use of subsidies. After examining the theoretical rationale of both arguments, this essay concludes with a set of observations and prescriptions concerning the economic, political and institutional implications which should be taken into account by policy-makers when attempting to design a viable, long-term strategic development plan. 2014-01-02T18:41:00Z 2014-01-02T18:41:00Z 1993-12 Texto Sección o Parte de un Documento http://hdl.handle.net/11362/10470 LC/G.1792-P en CEPAL Review CEPAL Review 51 application/pdf AMERICA LATINA LATIN AMERICA
institution Cepal
collection Cepal
language English
topic COMERCIO INTERNACIONAL
POLITICA COMERCIAL
POLITICA INDUSTRIAL
PROTECCIONISMO
VENTAJA COMPARATIVA
COMPARATIVE ADVANTAGE
INDUSTRIAL POLICY
INTERNATIONAL TRADE
PROTECTIONISM
TRADE POLICY
spellingShingle COMERCIO INTERNACIONAL
POLITICA COMERCIAL
POLITICA INDUSTRIAL
PROTECCIONISMO
VENTAJA COMPARATIVA
COMPARATIVE ADVANTAGE
INDUSTRIAL POLICY
INTERNATIONAL TRADE
PROTECTIONISM
TRADE POLICY
Lederman, Daniel
Old and new trade policies
description Includes bibliography
format Texto
author Lederman, Daniel
author_facet Lederman, Daniel
author_sort Lederman, Daniel
title Old and new trade policies
title_short Old and new trade policies
title_full Old and new trade policies
title_fullStr Old and new trade policies
title_full_unstemmed Old and new trade policies
title_sort old and new trade policies
publishDate 2014
url http://hdl.handle.net/11362/10470
work_keys_str_mv AT ledermandaniel oldandnewtradepolicies
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