Overview
Covers both legal and economic analysis
Helps policymakers to resolve issues such as the effect of (artificial) currency devaluation, and the protectionist effects of tariff measures on exports and imports
Discusses differences in the motivation for using subsidies between Developed and Developing countries
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Table of contents (8 chapters)
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Front Matter
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Back Matter
Keywords
About this book
This book analyses subsidies from various perspectives and creates a model that determines whether or not their use is justified. Further, it analyses the various causes of trade distortion, trade-discriminatory practices, and other issues associated with unregulated subsidies. In addition, the book considers how these issues fall within the scope of subsidies described under the SCM Agreement.
The primary discussion from the perspective of WTO objective concerns the trade practice of awarding subsidies, for exports and also for protectionist purposes. Here, the terms justifiable and non-justifiable are used as hypothetical parameters to determine the extent of state support, considering the country classification based on economic and technological criteria, and their objectives for development. These parameters are distinct from Prohibited, Actionable, and Non-Actionable subsidies, as classified under the SCM Agreement.
Subsidies awarded for the purposes of development and for welfare are considered as justifiable, whereas subsidies for the promotion of exports or state measures adopted for protectionist purposes are non-justifiable. Lastly, the book addresses the implications of such subsidies on the core objectives of the WTO and in connection with fair trade values.
Authors and Affiliations
Bibliographic Information
Book Title: Subsidies in the Context of the WTO's Free Trade System
Book Subtitle: A Legal and Economic Analysis
Authors: Gurwinder Singh
DOI: https://doi.org/10.1007/978-3-319-62422-8
Publisher: Springer Cham
eBook Packages: Law and Criminology, Law and Criminology (R0)
Copyright Information: Springer International Publishing AG 2017
Hardcover ISBN: 978-3-319-62421-1Published: 12 September 2017
Softcover ISBN: 978-3-319-87308-4Published: 18 May 2018
eBook ISBN: 978-3-319-62422-8Published: 04 September 2017
Edition Number: 1
Number of Pages: XIX, 351
Number of Illustrations: 1 b/w illustrations
Topics: International Economic Law, Trade Law, Business Law, Sources and Subjects of International Law, International Organizations