There can be few industries which have generated as much political
controversy as the world steel industry. Since 1968 the trade
policies of both the US and the EEC have created a vicious circle
of protectionism and delayed adjustment in their steel industries.
In particular, protectionist policies by one government have tended
to lead directly to rebound protectionist policies by the other.
This book, first published in 1986, begins by tracing the
historical roots of steel protectionism and describes the changing
competitive structure of the world steel market which has led to
increased government involvement in the traditional steel-making
countries as they became vulnerable to imports from the newly
industrialised countries. The most distinctive feature of the book
is its economic analysis of a policy crisis; a crisis whose inner
dynamics work against a viable solution.
General
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