Local Content Requirements - A Global Problem (Paperback)

In the wake of the Great Recession of 2008-09, economists feared that protectionist policies might sweep the world economy, echoing the wave of tariff escalations during the Great Depression of the 1930s. To some surprise, officials were more restrained and largely avoided traditional forms of protection (tariffs and quotas). As a result, economists underestimated the incidence of new protectionism because policymakers increasingly turned to more opaque behind-the-border nontariff barriers (NTBs). Using a combination of statistical analysis and case studies, the authors show that local content requirements (LCRs), a form of NTB, have become increasingly popular. How much was global trade actually reduced on account of LCRs? A conservative estimate might be $93 billion. Case studies featured cover the healthcare sector in Brazil, wind turbines in Canada, the automobile industry in China, solar cells and modules in India, oil and gas in Nigeria, and "Buy American" restrictions on government procurement.

General

Imprint:	The Peterson Institute for International Economics
Country of origin:	United States
Release date:	December 2013
First published:	November 2013
Authors:	Gary Clyde Hufbauer • Jeffrey Schott • Cathleen Cimino-Isaacs • Martin Vieiro • Erika Wada
Dimensions:	227 x 150 x 17mm (L x W x T)
Format:	Paperback
Pages:	212
ISBN-13:	978-0-88132-680-2
Categories:	Books > Social sciences > Politics & government > Political science & theory Books > Business & Economics > Economics > International economics > General
LSN:	0-88132-680-1
Barcode:	9780881326802

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