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Faced with increased levels of international competition and mounting budget deficits some developed, Western economies have responded by introducing trade restrictions. This book uses a comparative analysis of eight leading industrial nations (including Japan, the United States, West Germany and Britain) to demonstrate that such policies are mistaken. Alternatives to trade restrictions, including subsidies for industries and labour-market policy instruments are also shown to have their drawbacks, and the book emphasises the need for countries to find and exploit policies which fulfil their...

This fourth edition of a classic guide to international trade and economic law reflects a changing world order and the increased influence of emerging countries on the global scene. Key recent events including the Seventh Ministerial Conference of the World Trade Organization in Geneva and the United Nations Climate Summit are examined and assessed for their impact on ongoing trade procedures such as the Doha Development Agenda. The intertwining of national and inter-governmental interests are seen to have become increasingly complex and issues such as anti-dumping, intellectual property,...