Based on author's thesis (doctoral - Universitat Hamburg, 2016). Includes bibliographical references (pages 233-243) and index.
Contents:
Introduction -- Contractual aspects of treaties -- The economics of subsidies -- The SCM as an incomplete contract -- Defining uncertainty in the SCM Agreement -- Final remarks and policy recommendations.
Summary:
"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"-- Provided by publisher. "This work examines the international legal rules governing use of non-agricultural subsidies, as established by the WTO Agreement on Subsidies and Countervailing Measures (SCM Agreement, or Treaty) and interpreted by relevant case law. Its hypothesis is that explanation for the design of the current Treaty lies in the desire of rational policymakers to regulate subsidy use in such a way as to ensure provision of flexibility, while at the same time avoiding the erosion of tariff cuts and distortions to competition. The question, therefore, is whether the current Treaty mechanisms designed to promote flexibility are adequate to meet this objective"-- Provided by publisher.
This resource is supported by the Institute of Museum and Library Services under the provisions of the Library Services and Technology Act as administered by State Library of Iowa.