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Empirical Studies of Strategic Trade Policy (National Bureau of Economic Research Project Report)

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 | #3671743 in eBooks |  2007-12-01 |  2007-12-01 | File type: PDF

||About the Author|
Paul Krugman won the 2008 Nobel Memorial Prize in Economic Sciences.

Since the 1980s, economists have used the concept of strategic trade policy, which takes account of imperfect competition and increasing returns in the international marketplace, to criticize conventional views about free trade. According to the new view, a government can take strategic steps to raise its income at another country's expense—by subsidizing exports or erecting trade barriers, protecting certain firms from foreign competition, or promoting the de...

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