Nothing Special   »   [go: up one dir, main page]
IDEAS home Printed from https://ideas.repec.org/p/rsc/rsceui/2020-12.html
   My bibliography  Save this paper

Subsidies, Spillovers and Multilateral Cooperation

Author

Listed:
  • Bernard Hoekman
  • Douglas Nelson
Abstract
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.

Suggested Citation

  • Bernard Hoekman & Douglas Nelson, 2020. "Subsidies, Spillovers and Multilateral Cooperation," RSCAS Working Papers 2020/12, European University Institute.
    • Handle: RePEc:rsc:rsceui:2020/12
    as

    Download full text from publisher

    File URL: https://cadmus.eui.eu/bitstream/handle/1814/66209/RSCAS_2020_12.pdf?sequence=1&isAllowed=y
    Download Restriction: no
    File URL: http://hdl.handle.net/1814/66209
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Bernard Hoekman, 2016. "Subsidies, Spillovers and WTO Rules in a Value-chain World," Global Policy, London School of Economics and Political Science, vol. 7(3), pages 351-359, September.
    2. Bernard M. Hoekman & Petros C. Mavroidis, 2000. "WTO Dispute Settlement, Transparency and Surveillance," The World Economy, Wiley Blackwell, vol. 23(4), pages 527-542, April.
    3. Kishore Gawande & Bernard Hoekman & Yue Cui, 2015. "Global Supply Chains and Trade Policy Responses to the 2008 Crisis," The World Bank Economic Review, World Bank, vol. 29(1), pages 102-128.
    4. Blanchard, Emily J., 2015. "A Shifting Mandate: International Ownership, Global Fragmentation, and a Case for Deeper Integration under the WTO," World Trade Review, Cambridge University Press, vol. 14(1), pages 87-99, January.
    5. Jan Karlas & Michal Parízek, 2019. "The Process Performance of the WTO Trade Policy Review Mechanism: Peer‐Reviewing Reconsidered," Global Policy, London School of Economics and Political Science, vol. 10(3), pages 376-384, September.
    6. Haas, Peter M., 1992. "Introduction: epistemic communities and international policy coordination," International Organization, Cambridge University Press, vol. 46(1), pages 1-35, January.
    7. Baldwin, Richard & Venables, Anthony J., 2015. "Trade policy and industrialisation when backward and forward linkages matter," Research in Economics, Elsevier, vol. 69(2), pages 123-131.
    8. Collins-Williams, Terry & Wolfe, Robert, 2010. "Transparency as a trade policy tool: the WTO's cloudy windows," World Trade Review, Cambridge University Press, vol. 9(4), pages 551-581, October.
    9. repec:bla:worlde:v:23:y:2000:i:04:p:527-542 is not listed on IDEAS
    10. Hoekman, Bernard & Saggi, Kamal, 2000. "Assessing the Case for Extending WTO Disciplines on Investment-Related Policies," Journal of Economic Integration, Center for Economic Integration, Sejong University, vol. 15, pages 629-653.
    11. Simon J Evenett, 2019. "Protectionism, state discrimination, and international business since the onset of the Global Financial Crisis," Journal of International Business Policy, Palgrave Macmillan, vol. 2(1), pages 9-36, March.
    12. Sturgeon, Timothy J. & Van Biesebroeck, Johannes, 2010. "Effects of the crisis on the automotive industry in developing countries : a global value chain perspective," Policy Research Working Paper Series 5330, The World Bank.
    13. Ken Warwick, 2013. "Beyond Industrial Policy: Emerging Issues and New Trends," OECD Science, Technology and Industry Policy Papers 2, OECD Publishing.
    14. Wolfe, Robert, 2017. "Sunshine over Shanghai: Can the WTO Illuminate the Murky World of Chinese SOEs?," World Trade Review, Cambridge University Press, vol. 16(4), pages 713-732, October.
    15. McGuire, Steven, 2014. "Global value chains and state support in the aircraft industry," Business and Politics, Cambridge University Press, vol. 16(4), pages 615-639, December.
    16. Blonigen, Bruce A. & Wilson, Wesley W., 2010. "Foreign subsidization and excess capacity," Journal of International Economics, Elsevier, vol. 80(2), pages 200-211, March.
    17. Oecd, 2017. "Support to fisheries: Levels and impacts," OECD Food, Agriculture and Fisheries Papers 103, OECD Publishing.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Bernard Hoekman & Douglas Nelson, 2020. "Rethinking international subsidy rules," The World Economy, Wiley Blackwell, vol. 43(12), pages 3104-3132, December.
    2. Robert Wolfe, 2020. "Informal Learning and WTO Renewal. Using Thematic Sessions to Create More Opportunities for Dialogue," RSCAS Working Papers 2020/51, European University Institute.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Bernard Hoekman & Douglas Nelson, 2020. "Rethinking international subsidy rules," The World Economy, Wiley Blackwell, vol. 43(12), pages 3104-3132, December.
    2. Robert Wolfe, 2021. "Yours is bigger than mine! Could an index like the Producer Subsidy Equivalent help in understanding the comparative incidence of industrial subsidies?," The World Economy, Wiley Blackwell, vol. 44(2), pages 328-345, February.
    3. Bernard Hoekman, 2016. "Subsidies, Spillovers and WTO Rules in a Value-chain World," Global Policy, London School of Economics and Political Science, vol. 7(3), pages 351-359, September.
    4. Robert Wolfe, 2020. "Yours is Bigger than Mine! Could an Index like the PSE Help in Understanding the Comparative Incidence of Industrial Subsidies?," RSCAS Working Papers 2020/52, European University Institute.
    5. Malorie Schaus, 2021. "EU Trade Policy in Light of the New Industrial Strategy for Europe," Intereconomics: Review of European Economic Policy, Springer;ZBW - Leibniz Information Centre for Economics;Centre for European Policy Studies (CEPS), vol. 56(3), pages 144-149, May.
    6. Petros C. Mavroidis, 2016. "Dispute Settlement in the WTO. Mind over Matter," RSCAS Working Papers 2016/04, European University Institute.
    7. Christopher Findlay & Bernard Hoekman, 2021. "Value chain approaches to reducing policy spillovers on international business," Journal of International Business Policy, Palgrave Macmillan, vol. 4(3), pages 390-409, September.
    8. Petros C. Mavroidis, 2015. "Dispute Settlement in the WTO (Mind over Matter)," RSCAS Working Papers 2015/34, European University Institute.
    9. Greig Mordue & Erman Sener, 2022. "Upgrading in the Automotive Periphery: Turkey's Battery Electric Vehicle Maker Togg," Development and Change, International Institute of Social Studies, vol. 53(4), pages 760-795, July.
    10. Claude Paraponaris, 2017. "Plateformes numériques, conception ouverte et emploi," Post-Print halshs-01614430, HAL.
    11. Andrew B. Whitford & Derrick Anderson, 2021. "Governance landscapes for emerging technologies: The case of cryptocurrencies," Regulation & Governance, John Wiley & Sons, vol. 15(4), pages 1053-1070, October.
    12. Barry Eichengreen and Fabio Ghironi., 1997. "European Monetary Unification and International Monetary Cooperation," Center for International and Development Economics Research (CIDER) Working Papers C97-091, University of California at Berkeley.
    13. Jeanie Bukowski, 2017. "A “new water culture†on the Iberian Peninsula? Evaluating epistemic community impact on water resources management policy," Environment and Planning C, , vol. 35(2), pages 239-264, March.
    14. Mateos-Garcia, Juan & Steinmueller, W. Edward, 2008. "The institutions of open source software: Examining the Debian community," Information Economics and Policy, Elsevier, vol. 20(4), pages 333-344, December.
    15. Catherine Long, 2017. "Delegated Service Authority: Institutional Evolution of PEPFAR Health-Based Program Implementing Units in Tanzania," Global Policy, London School of Economics and Political Science, vol. 8(3), pages 303-312, September.
    16. Michael Böheim, 2013. "Zur Renaissance der Industriepolitik. Ein neuer umfassender Politikansatz oder nur alter Wein in neuen Schläuchen?," WIFO Monatsberichte (monthly reports), WIFO, vol. 86(12), pages 953-960, December.
    17. Agata Antkiewicz & John Whalley, 2006. "Recent Chinese Buyout Activity and the Implications for Global Architecture," NBER Working Papers 12072, National Bureau of Economic Research, Inc.
    18. Fiorini, Matteo; Lebrand, Mathilde, 2016. "The Political Economy of Services Trade Agreements," Economics Working Papers ECO2016/05, European University Institute.
    19. Federico Maria Ferrara & Jörg S Haas & Andrew Peterson & Thomas Sattler, 2022. "Exports vs. Investment: How Public Discourse Shapes Support for External Imbalances," Post-Print hal-02569351, HAL.
    20. Sandberg, Kristin Ingstad & Andresen, Steinar & Bjune, Gunnar, 2010. "A new approach to global health institutions? A case study of new vaccine introduction and the formation of the GAVI Alliance," Social Science & Medicine, Elsevier, vol. 71(7), pages 1349-1356, October.

    More about this item

    Keywords

    Trade agreements; subsidies; spillovers; international cooperation; WTO;
    All these keywords.

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:rsc:rsceui:2020/12. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: RSCAS web unit (email available below). General contact details of provider: https://edirc.repec.org/data/rsiueit.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.