Bertelsmann Stiftung (ed.)

Professor Bernard Hoekman; Professor Douglas Nelson

Spillovers, Subsidies and Multilateral Cooperation

Addressing Concerns Over Industrial Subsidies

Format Type
PDF
Date of publication
02/03/2020
Volume/Format
30 pages, PDF

Price

Free of charge

Description

Negative international spillovers created by nontariff policies are a rising source of trade tensions and conflicts. The WTO does not include rules for subsidies for services industries, state-owned enterprises or investment incentives. Existing disciplines on industrial policies are increasingly seen to be inadequate by many WTO members. Efforts to revisit and expand rules for contested policies must recognize the changing nature of international production. A first step in addressing trade conflicts associated with industrial policies is to determine where negative international competition spillovers are both large and systemic in nature. Doing so requires going beyond trade ministries and bringing in finance and line ministries, as well as competition agencies and international organizations with expertise in collecting information on subsidies and analyzing their effects.

Related projects

Cover Global Economic Dynamics (GED)

Global Economic Dynamics (GED)

Komplexe ökonomische Dynamiken transparent und verständlich zu machen – das war unser Ziel. Das Projekt untersuchte die Ursachen und Auswirkungen von wirtschaftlichen Trends sowie die Zusammenhänge zwischen den einzelnen Trends.