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Rethinking International Rules on Subsidies

Jennifer A. HillmanInu Manak

出版	Council on Foreign Relations, 2023-09-06
主題	Political Science / GeneralPolitical Science / International Relations / Trade & Tariffs
ISBN	16405299859781640529984
URL	http://books.google.com.hk/books?id=NzUU0AEACAAJ&hl=&source=gbs_api

註釋

In the aftermath of simultaneous political and economic crises, “the perception of countries’ urgent need to build up their resiliency in critical goods and services, coupled with the existential threat of climate change, means that moving toward industrial policies and increasing subsidies is warranted and indeed essential,” Hillman and Manak write. “However, the urgency of the problems does not mean abandoning well-founded concerns that industrial policy—done wrong—can stifle innovation, create substantial inefficiencies, exacerbate the concentration of corporate power, waste precious taxpayer funds, and fuel crony capitalism.” The authors outline the deficiencies of the current international rules governing subsidies and provide recommendations. In particular, Hillman and Manak highlight the failure of many WTO members to report their subsidies, the ineffective remedies available, and the lack of special recognition by WTO rules of beneficial subsidies aimed at tackling climate or public health challenges, among other issues.