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National Subsidies in the Global Economy

In: State Subsidies in the Global Economy

Author

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  • Nikolaos Zahariadis

Abstract

Why is there still so much protectionism despite political rhetoric extolling the virtues of free trade, favorable economic theory and evidence, and legal pressure to dismantle protectionist measures? “Virtually every industrialized country and most of the developing world have utilized a variety of protectionist measures” (Lutz, 2000, p. 17). If this is an accurate description of reality, why do national governments still subsidize their industries with varying zeal?

Suggested Citation

  • Nikolaos Zahariadis, 2008. "National Subsidies in the Global Economy," Palgrave Macmillan Books, in: State Subsidies in the Global Economy, chapter 0, pages 159-168, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-61051-4_8
    DOI: 10.1057/9780230610514_8
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