Industrial Subsidies, market competition, global trade and investment: Towards a research agenda

Subsidization by states of their domestic industries to gain competitive advantage abroad is a perennial topic in international trade discussions.

As the world moves into a multipolar environment and China rises in economic prominence, the rules governing subsidies, particularly to the industrial sector, are in the spotlight. The politics of reform are fraught, for a range of reasons ranging from states’ geo-economic positioning, through paralysis in the World Trade Organization, to domestic social considerations.

This paper reviews the key issues that need to be considered if serious efforts to reform multilateral industrial subsidies regimes are to be engaged. The modality is a literature review, with the intention being to develop a multi-year research agenda based on the issues identified in the final section.

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By Ph.D Wenxiao Wang, Professor Peter Draper, Dr Dessie Ambaw, Professor Andreas Freytag, Dr Naoise McDonagh, and Mr Keith Wilson

Tagged in Working Papers, Subsidies, World Trade Organisation, Featured

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