Trade Liberalization and Trade Adjustment Assistance / K.C. Fung, Robert W. Staiger.

Format:

Book

Author/Creator:

Fung, K. C. (Kwok Chiu)

Contributor:

National Bureau of Economic Research.

Staiger, Robert W.

Series:

Working Paper Series (National Bureau of Economic Research) no. w4847.

NBER working paper series no. w4847

Language:

English

Physical Description:

1 online resource: illustrations (black and white);

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 1994.

Summary:

We explore the relationship between trade adjustment subsidies and successful reciprocal trade liberalization. We consider economies that are faced with a periodic need to move resources out of a declining import-competing sector, and that are attempting to sustain cooperative but self-enforcing trade agreements in the face of these adjustment needs. If the limitations associated with enforcement of international trade agreements are sufficiently severe, trade adjustment assistance can facilitate reciprocal trade liberalization. We argue that this suggests a possible efficiency rationale for adjustment policies that treat resources differently when traded sectors are involved.

Notes:

Print version record

September 1994.