By Douglas Nelson (Eds.)
This quantity collects the papers from a convention in honor of J. Michael Finger at the party of his retirement from the area financial institution. The papers conceal a few vital matters within the research of coverage reform and the political economic climate of coverage reform. specifically, papers specialize in the political economic system of exchange liberalization, the function of foreign firms in coverage reform, coverage studying, and the appliance of monetary research in coverage reform
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Additional info for The Political Economy of Policy Reform: Essays in Honor of J.Michael Finger
In other words, developmental states can pursue marketdistorting industrial policies, while regulatory states generally cannot. Those who believe in the superiority of the regulatory approach argue that the developmental state wastes taxpayer funds in the vain hope of Can Industrial Policy be Good Policy? 47 advancing the prospects of one industry over another without the benefit of any real knowledge of underlying market dynamics. In picking ‘winners and losers’, the developmental state is bound to make mistakes that distort the market in unpredictable and undesirable ways.
All rights reserved. 1016/S0573-8555(04)70002-4 CHAPTER 2 Can Industrial Policy Be Good Policy? Jeffrey A. Hart Department of Political Science, Indiana University, Woodburn Hall 210, Bloomington, IN 47405, USA Abstract Can industrial policy be good policy? g. via antitrust or enforcement of property rights)? Can it create a smaller market distortion to prevent a larger one that might result from political ferment? This chapter explores issues of the definition of industrial policy, discusses market failure vs.
Shapiro, editors, International Labor Standards: History, Theory, and Policy Options, London: Blackwell Publishers. V. (1990), “Should patent protection be extended to all developing countries”, The World Economy, Vol. 13, pp. 497– 507. V. M. Stern (2002), “What you should know about globalization and the world trade organization”, Review of International Economics, Vol. 10, pp. 404– 423. B. ”, Journal of Economic Perspectives, Vol. 9, pp. 15 – 32. , and Robles, J (2001), Multi-Issue Bargaining and Linked Agendas: Ricardo Revisited or No Pain No Gain, NBER Working Paper No.