Trade and Transitions: A Comparative Analysis of Adjustment Policies

Description

This book makes the case that “new protectionism” is economically inefficient and that nations should work to develop the policies that are least harmful to their trading partners based on a comparison study of eight major industrial powers.

Here’s what you will learn in this course:

• Understand the comparative study of eight major industrial countries, including West Germany, Japan, the United States, and Britain, to show that such policies are flawed
• Understand the need for countries to find and exploit policies that fulfill their own political and social needs while being least harmful to their trading partners.
• Learn the alternatives to trade restrictions, including subsidies for industries and labor-market policy instruments, are also shown to have their drawbacks.