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Strategic trade policy refers to government interventions in international trade aimed at gaining competitive advantages for domestic industries in the global marketplace. This approach is often used to support specific sectors through subsidies, tariffs, or other measures, enabling them to compete more effectively against foreign competitors.
- Strategic trade policy - (Economic Development) - Vocab, Definition ...
Definition. Strategic trade policy refers to government...
- Strategic trade policy - (Economic Development) - Vocab, Definition ...
Definition. Strategic trade policy refers to government actions that are aimed at enhancing the competitive position of a nation's industries in the global market. This approach often involves providing subsidies, tariffs, or other support measures to specific sectors to help them gain an advantage over foreign competitors.
Definition. Strategic trade policy refers to government interventions in international trade that aim to promote the competitiveness and profitability of domestic industries, often through the use of tariffs, subsidies, or other trade barriers.
This paper reviews the literature on strategic trade policy. Strategic trade policy is defined as trade policy that conditions or alters a strategic relationship between firms, implying that strategic trade policy focuses primarily on trade policy in the presence of oligopoly.
1 Ιαν 1995 · The chapter defines strategic trade policy as the trade policy that conditions (or alters) a strategic relationship among firms. This definition implies that the existence of a strategic relationship among firms is a necessary precondition for the application of strategic trade policy.
The popular understanding of the meaning of strategic trade policy or ‘industrial policy’ is far broader. Many justifications are given for governments trying to ‘pick winners’ and in various ways trying to foster the expansion—especially into export markets—of particular firms or industries.
21 Δεκ 2016 · Strategic trade policy refers to trade policy that affects the outcome of strategic interactions between firms in an actual or potential international oligopoly. A main idea is that trade policies can raise domestic welfare by shifting profits from foreign to domestic firms.
