<abstract xmlns="http://www.w3.org/1999/xhtml">

<p>The theory of strategic trade policy came into being in the early 1980s. It addressed the question of how a country can increase its own economic welfare through state intervention in the case of oligopolistic world markets. Today, there are many reasons that justify government intervention in foreign trade: Cluster risks in importing raw materials and intermediate inputs, different responses to the negative externalities of greenhouse gas emissions, monopolies in the digital economy, and the growing importance of geopolitical considerations. These developments are likely to lead to a renaissance of strategic trade policy interventions, i.e. subsidies, investment controls and trade restrictions, to name only the most important ones.</p>
</abstract>

The theory of strategic trade policy came into being in the early 1980s. It addressed the question of how a country can increase its own economic welfare through state intervention in the case of oligopolistic world markets. Today, there are many reasons that justify government intervention in foreign trade: Cluster risks in importing raw materials and intermediate inputs, different responses to the negative externalities of greenhouse gas emissions, monopolies in the digital economy, and the growing importance of geopolitical considerations. These developments are likely to lead to a renaissance of strategic trade policy interventions, i.e. subsidies, investment controls and trade restrictions, to name only the most important ones.

Strategic Trade Policy 2.0

Wirtschaftsdienst

This work is licensed under the Creative Commons Attribution 4.0 International License.

Strategische Handelspolitik 2.0

The theory of strategic trade policy came into being in the early 1980s. It addressed the question of how a country can increase its own economic welfare...

Strategic Trade Policy 2.0

Data publikacji: 14 cze 2023

Zakres stron: 326 - 331

DOI: https://doi.org/10.2478/wd-2023-0099

© 2023 Thieß Petersen, published by Sciendo

This work is licensed under the Creative Commons Attribution 4.0 International License.