Commitments and Flexibilities in the WTO Agreement on Subsidies and Countervailing Measures : An Economically Informed Analysis
Book Details
Format
Hardback or Cased Book
Book Series
Cambridge International Trade and Economic Law
ISBN-10
1108474322
ISBN-13
9781108474320
Publisher
Cambridge University Press
Imprint
Cambridge University Press
Country of Manufacture
GB
Country of Publication
GB
Publication Date
May 2nd, 2019
Print length
274 Pages
Weight
53 grams
Dimensions
16.00 x 23.40 x 1.80 cms
Product Classification:
International economicsInternational economic & trade law
Ksh 19,600.00
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This book offers legal and economic insights on the use, regulation and disputes related to industrial subsidies. Due to its detailed, but accessible analysis on case law and legal texts, it will enable lawyers, economists, policymakers and adjudicators to better understand the SCM Agreement, and provide a basis for future research.
The ability of countries to promote and protect their domestic industries in the face of stiff global competition is an important consideration in any trading agreement. Member states of the World Trade Organization are expected to adhere to the WTO Agreement on Subsidies and Countervailing Measures, but to what extent do the WTO Members have policy space to subsidize their industries? Using an economically informed framework, Caiado examines the flexibilities countries may find at the WTO to grant subsidies and impose tariffs to protect designated industries. By testing the Treaty system of entitlements and enforcement mechanisms against the theory of incomplete contract, this work offers a comprehensive analysis of the capacity of the SCM Agreement to achieve its goal: the concomitant regulation of opportunistic behavior and assurance of ex post flexibility.
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