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Global Governance of International Competitiveness Spillovers

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  • Bernard M. Hoekman

Abstract

Reducing public sector deficits and high debt burdens in part will require an increase in net exports – which is only possible if the countries concerned are able to produce goods and services that are 'competitive' on world markets. Policies aimed at enhancing competitiveness may be offset by actions taken in other countries and can generate negative international pecuniary spillovers. This paper discusses different approaches towards dealing with (perceived) cross-border externalities. In many cases there will be a significant degree of uncertainty as what the net effects of policies are, taking into account the overall impact of policy measures that have a bearing on firm-level competitiveness. A case is for greater cooperation to enhance the transparency of applied policies; assess their impacts and establish mechanisms to consult and exchange information.

Suggested Citation

  • Bernard M. Hoekman, 2013. "Global Governance of International Competitiveness Spillovers," RSCAS Working Papers 2013/33, European University Institute.
    • Handle: RePEc:rsc:rsceui:2013/33
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    More about this item

    Keywords

    international economic policy; multilateral cooperation; spillovers; competitiveness; economic integration;
    All these keywords.

    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations

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    This paper has been announced in the following NEP Reports:

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