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Books > Social sciences > Politics & government > Central government > Central government policies
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Public Subsidies and Policy Failures - How Subsidies Distort the Natural Environment, Equity and Trade and How to Reform Them (Hardcover)
Loot Price: R3,022
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Public Subsidies and Policy Failures - How Subsidies Distort the Natural Environment, Equity and Trade and How to Reform Them (Hardcover)
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The allocation of subsidies is often regarded as a fundamental role
of governments in order to realise and maintain benefits to
society. The possibility that public subsidies could actually be
counterproductive contradicts common perception. The authors of
this challenging book present recent evidence which, in their view,
suggests that subsidies may in fact turn out to be a contemporary
plague. Public Subsidies and Policy Failures provides extensive
analysis of the theory and political economy of public support
policies, demonstrating how subsidies can harm the environment,
distort trade, and benefit those in society who do not require
support. Furthermore, they often fail to achieve the desired and
expected goals. The authors employ a theoretical framework to
illustrate the impact of subsidies on developed and developing
economies, as well as on international trade. They examine public
subsidies in various natural resource and industrial sectors and
discover that many turn out to be policy failures. They also
investigate the various barriers and lock-in mechanisms by which
subsidies become entrenched in economic and political structures.
The book goes on to propose concrete actions, policy strategies and
international 'Grand Deals' which will engender effective subsidy
reforms. Scholars, researchers and students will welcome this
rigorous investigation into the political and economic costs and
benefits of public subsidies. International trade organisations and
policymakers will also benefit from the strategic emphasis.
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