strategic trade policy การใช้
- Strategic trade policy's results usually are visible after considerable time periods, sometimes longer than the electoral cycles.
- The authors have an even earlier article ( 1981 ) which may in fact be the first application of strategic trade policy.
- However, with a strategic trade policy of an export subsidy, the matrix changes as the protecting government covers some of the costs.
- Two papers often cited as having critical contributions to strategic trade policy ( or theory ) are by Spencer and Brander, one from 1983 and the other from 1985.
- Critics also argue that strategic trade policy cannot explain how domestic firms became research and development leaders in the absence of governmental assistance or how state-assisted industries failed.
- This policy contrasts with free trade and is not entirely in line with strategic trade policy since the latter gives greater emphasis on the state's assistance to local firms in their entry into the global market.
- In 1987 he quipped that, " If there were an Economist's Creed, it would surely contain the affirmations'I understand the Principle of Comparative Advantage'and'I advocate Free Trade'. " In the same article, Krugman argues that, given the findings of New Trade Theory, " [ free trade ] has shifted from optimum to reasonable rule of thumb . . . it can never again be asserted as the policy that economic theory tells us is always right . " However, Krugman generally favored free trade given the enormous political costs of actively engaging in strategic trade policy and because there is no clear method for a government to discover which industries will ultimately yield positive returns.