Empirical Justification For Infant Industry Protection
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Author | : Larry E. Westphal |
Publisher | : |
Total Pages | : 60 |
Release | : 1981 |
Genre | : Industrial policy |
ISBN | : |
Download Empirical Justification for Infant Industry Protection Book in PDF, Epub and Kindle
Author | : |
Publisher | : |
Total Pages | : 38 |
Release | : 1981 |
Genre | : |
ISBN | : |
Download Empirical justification for infant industry protection Book in PDF, Epub and Kindle
Author | : Ken Togo |
Publisher | : |
Total Pages | : 0 |
Release | : 2010 |
Genre | : |
ISBN | : |
Download The Dispute Over Infant Industry Policy Book in PDF, Epub and Kindle
Although some theoretical models support the need to protect infant industries, empirical research finds no evidence that such a policy is effective and mainstream economics does not embrace the idea. Empirical research may not be robust, however, and ideology may account for some economists' opposition to industrial policy. The merit of infant industry policy needs to be examined from a nonideological perspective.
Author | : Anne Osborn Krueger |
Publisher | : |
Total Pages | : 11 |
Release | : 1982 |
Genre | : |
ISBN | : |
Download An Empirical Test of the Infant Industry Argument Book in PDF, Epub and Kindle
Author | : Ha-Joon Chang |
Publisher | : Anthem Press |
Total Pages | : 196 |
Release | : 2002-07-01 |
Genre | : Business & Economics |
ISBN | : 0857287613 |
Download Kicking Away the Ladder Book in PDF, Epub and Kindle
How did the rich countries really become rich? In this provocative study, Ha-Joon Chang examines the great pressure on developing countries from the developed world to adopt certain 'good policies' and 'good institutions', seen today as necessary for economic development. His conclusions are compelling and disturbing: that developed countries are attempting to 'kick away the ladder' with which they have climbed to the top, thereby preventing developing countries from adopting policies and institutions that they themselves have used.
Author | : Arvind Panagariya |
Publisher | : Oxford University Press |
Total Pages | : 352 |
Release | : 2019-04-01 |
Genre | : Business & Economics |
ISBN | : 0190914505 |
Download Free Trade and Prosperity Book in PDF, Epub and Kindle
Arguments for protection and against free trade have seen a revival in developed countries such as the United States and Great Britain as well as developing countries such as India. Given the clear benefits trade openness has brought everywhere, this is a surprising development. The benefits of free trade are especially great for emerging market economies. FreeÂTrade and ProsperityÂoffers the first full-scale defense of pro-free-trade policies with developing countries at its center. Arvind Panagariya, a professor at Columbia University and former top economic advisor to the government of India, supplies a historically informed analysis of many longstanding but flawed arguments for protection. He starts with an insightful overview of the positive case for free trade, and then closely examines the various contentions of protectionists. One protectionist argument is that "infant" industries need time to grow and become competitive, and thus should be sheltered. Other arguments are that emerging markets are especially prone to coordination failures, they are in need of diversification of their production structures, and they suffer from market imperfections. The panoply of protectionist arguments, including those for import substitution industrialization, fails when subject to close logical and empirical scrutiny. Free trade and outward-oriented policies are preconditions to both sustained rapid growth and poverty alleviation in developing countries. Panagariya provides compelling evidence demonstrating the failures of protectionism and the promise of free trade using detailed case studies of successful countries such as Singapore, Taiwan, South Korea, China and India. Low or declining barriers to free trade and high or rising shares of trade in total income have been key elements in the sustained rapid growth and poverty alleviation in these countries and many others. Free trade is like oxygen: the benefits are ubiquitous and not noticed until they are no longer there. This important book is an essential reminder of the costs of protectionism.
Author | : Cayetano W. Paderanga |
Publisher | : |
Total Pages | : 32 |
Release | : 1986 |
Genre | : Commercial policy |
ISBN | : |
Download Short-term Infant Industry Protection Book in PDF, Epub and Kindle
Author | : Mamdouh Abdelkader |
Publisher | : |
Total Pages | : 17 |
Release | : 2018 |
Genre | : |
ISBN | : |
Download Infant Industry Argument Book in PDF, Epub and Kindle
This paper verifies the possibility of using Infant industry protection strategy to improve manufacturing competitiveness in developing countries. The main theoretical bases of this strategy are: its significant role in creating dynamic comparative advantages in manufacturing sector. This protection also gives the industry time to learn by doing and achieve its positive externalities. In addition, infant industry protection can be a virtual solution to market failure which may impedes the establishment of such industry. This study supports infant industry argument validity by showing successful experiences of some countries at various times in history. It is found that most countries used such policy to reach their industrialization. Some studies tried to refute the infant industry argument but they based their criticism mainly on the failure of some developing countries to correctly apply this policy, not on their theoretical justification. Despite current WTO restriction to use infant industry, the paper argues that the chance of adopting this strategy still exists. This can be mainly achieved by some policy space of WTO rules to adopt this policy, especially if these countries focus on technology intensive industries. In addition, developing countries can exploit the increasing number of Regional Trade Agreements (RTAs) to support their infant industries. RTAs extend the market size that may help infant industries to develop their competitiveness through achieving economies of scale, learning by doing and supporting backward and forward linkages.
Author | : Robert Louis Brittingham |
Publisher | : |
Total Pages | : 169 |
Release | : 1973 |
Genre | : |
ISBN | : |
Download A history of the infant-industry argument for temporary protection Book in PDF, Epub and Kindle
Author | : Jagdish Bhagwati |
Publisher | : Oxford University Press |
Total Pages | : 346 |
Release | : 2007-09-04 |
Genre | : Political Science |
ISBN | : 0199838968 |
Download In Defense of Globalization Book in PDF, Epub and Kindle
In the passionate debate that currently rages over globalization, critics have been heard blaming it for a host of ills afflicting poorer nations, everything from child labor to environmental degradation and cultural homogenization. Now Jagdish Bhagwati, the internationally renowned economist, takes on the critics, revealing that globalization, when properly governed, is in fact the most powerful force for social good in the world today. Drawing on his unparalleled knowledge of international and development economics, Bhagwati explains why the "gotcha" examples of the critics are often not as compelling as they seem. With the wit and wisdom for which he is renowned, Bhagwati convincingly shows that globalization is part of the solution, not part of the problem. This edition features a new afterword by the author, in which he counters recent writings by prominent journalist Thomas Friedman and the Nobel Laureate economist Paul Samuelson and argues that current anxieties about the economic implications of globalization are just as unfounded as were the concerns about its social effects.