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Privileging Industry
Fiona McGillivray
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Sozialwissenschaften, Recht, Wirtschaft / Politikwissenschaft
Beschreibung
Why do some industries win substantial protection from the whims of international trade while others do not? Privileging Industry challenges standard approaches to this question in its examination of when governments use trade and industrial policy for political goals. Fiona McGillivray shows why aiding an industry can be a politically efficient way for a government to redistribute resources from one industrial sector to another. Taking a comparative perspective that stands in contrast with the usual focus on U.S. trade politics, she explores, for example, how electoral rules, party strength, and industrial geography affect redistribution politics across countries. How do political institutions and the geographical dispersion of industries interact to determine which industries governments privilege? What tests can assess how governments distribute assistance across industries?
Research has focused on the industries that legislators want to protect, but just as important is identifying those legislators able to deliver trade assistance. Assisting an industry requires both a will and a means. Whether an industry is a good vehicle through which to redistribute income depends on its geographic make-up and the country's electoral system. In turn, the electoral system and party strength affect how legislators' preferences contribute to policy. McGillivray tests these arguments using a tariff-based empirical test and nonstandard dependent variables such as the dispersion of stock prices within fourteen different capital markets, and government influence in the targeting of plant closures within declining industries.
Kundenbewertungen
Legislation, Financial Times, Industrial policy, Prediction, Compromise agreement, Generalized System of Preferences, Marginal seat, Nontariff Barrier, Income, Subsidy, World Trade Organization, Vote trading, Write-off, Single-member district, Centre-right politics, Efficient-market hypothesis, Price controls, Recession, Proportional representation, Nationalization, Regional policy, Industry Group, Party system, Common front, Section 201, Legislator, Investor, Legislature, Expense, Trade preference, Free trade, Bundestag, Economic interventionism, Corporation, Electoral district, Employment, Social democracy, Comparative advantage, Party discipline, Jurisdiction, Economic rent, Import quota, Coalition government, Voting, Inflation, Right-wing politics, Export restriction, Multi-party system, Microeconomic reform, Economic stagnation, Economics, Market Indicators, Major party, Cutlery, Layoff, Safe seat, Leads and lags, Tax, Liberalization, Minority government, Institutional investor, Unemployment, Supermajority, ARBED, Developed country, Price Change, Political party, Tariff, Stock market, Trade war