Abstract

http://ssrn.com/abstract=415780
 
 

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The Economics of WTO Rules on Subsidies and Countervailing Measures


Alan O. Sykes


New York University School of Law

June 2003

U Chicago Law & Economics, Olin Working Paper No. 186

Abstract:     
This paper evaluates the WTO rules relating to subsidies and countervailing measures from a welfare economics perspective. It concludes that the rules relating to "nonviolation" subsidies, export subsidies and certain agricultural subsidies have sound economic justification. The rules governing domestic subsidies generally, by contrast, do little to identify or police undesirable subsidies. Further, as has been argued elsewhere, countervailing measures are economically undesirable.

Number of Pages in PDF File: 37

Keywords: international trade, GATT, SCM, GATS, world trade organization

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Date posted: June 16, 2003  

Suggested Citation

Sykes, Alan O., The Economics of WTO Rules on Subsidies and Countervailing Measures (June 2003). U Chicago Law & Economics, Olin Working Paper No. 186. Available at SSRN: http://ssrn.com/abstract=415780 or http://dx.doi.org/10.2139/ssrn.415780

Contact Information

Alan O'Neil Sykes (Contact Author)
New York University School of Law ( email )
40 Washington Square South
New York, NY 10012-1099
United States
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