1978 | OriginalPaper | Chapter
Subsidies and other International Economic Issues
Author : William Diebold Jr.
Published in: International Trade and Industrial Policies
Publisher: Palgrave Macmillan UK
Included in: Professional Book Archive
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How broadly to define subsidies and how narrowly to limit the range of practices one tries to deal with by international agreement are major questions that run through the other chapters in this volume. The difficulty of believing that there will soon be widespread agreement on concrete rules covering many different kinds of subsidies could lead to the conclusion that one should concentrate on establishing principles even if practice develops more slowly. This entails the question of whether such principles should apply to all international arrangements touching subsidies, even if they deal mainly with such broader matters as international investment, economic development or the problems of certain troublesome industries.