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Industrial Policy and the World Trade Organization
Between Legal Constraints and Flexibilities

$88.00 ( ) USD

Part of Cambridge International Trade and Economic Law

  • Date Published: October 2018
  • availability: This ISBN is for an eBook version which is distributed on our behalf by a third party.
  • format: Adobe eBook Reader
  • isbn: 9781108651646
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About the Authors
  • The severe global financial crisis of 2008 could not be overcome without government interventions through industrial policy. This timely book analyses industrial policy from the perspectives of trade law and economics under the WTO system. The author expertly examines both general tools of protecting and supporting domestic producers and specific topics like special economic zones, localization, greening measures and creative economy. In addition to legal texts and jurisprudence, this book extensively utilizes other WTO materials to show what is actually discussed in WTO meetings and forums on relevant issues. Where applicable, the author advances practical recommendations for 'right' or 'optimal' industrial policy in certain contexts based on trade rules, case law and some countries' real experiences. The author concludes this work with some thoughts on concrete actions to be taken at the WTO and national levels and in academic circles in order to better tackle industrial policy issues.

    • Considers both economic and legal aspects of the industrial policy
    • Uses plain language and easy explanation of highly technical trade rules and issues, allowing readers with little knowledge of the area to understand material
    • Explores various issues from the real practice of industrial policy, providing policy recommendations and implications where applicable
    • Looks at how industrial policies have been operated domestically and dealt with in international forums using real examples and global trends
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    Reviews & endorsements

    ‘Professor Shadikhodjaev has written a must-have reference book for anyone who cares about the role of governments in the global economy and world trading system.' Julia Ya Qin, Wayne State University and Peking University International Law Institute

    'This informative book describes what forms of industrial policy are consistent with the rules of the World Trade Organization. The book is densely written and thick with legal terminology, but it is valuable as an authoritative reference work. In addition to analyzing WTO policies, Shadikhodjaev provides a useful catalog of areas where the WTO’s rules are ambiguous and suggests how they might be clarified and improved.' Richard N. Cooper, Foreign Affairs

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    Customer reviews

    05th Jan 2019 by PhillipTaylor

    INDUSTRIAL APPROACHES TO WTO POLICY POST BREXIT- AN IMPORTANT BOOK FOR 2019 WITH THE UK LEAVING THE EU An appreciation by Elizabeth Robson Taylor of Richmond Green Chambers and Phillip Taylor MBE, Head of Chambers and Reviews Editor, “The Barrister” At just the right time for you, if ever there was an important statement on policy for the committed Brexiteer, then this brilliantly researched work from Professor Sherzod Shadikhodjaev is therefore just for you! It might even change your mind! He writes that “the severe global financial crisis of 2008 could not be overcome without government interventions through industrial policy”. We consider that the book has arrived at a crucial time offering us an analysis of industrial policy “from the perspectives of trade law and economics under the WTO system”. The author expertly examines both “general tools of protecting and supporting domestic producers and specific topics like special economic zones, localization, greening measures and creative economy”. In addition to legal texts and the jurisprudence outlined here, this book extensively utilizes other WTO materials to show what is discussed in WTO meetings and forums on relevant issues. Content which many readers will not be too familiar with or informed about because it gives a new approach to the role of the World Trade Organisation for those who are not well informed on what they do. Where it becomes applicable, Shadikhodjaev advances practical recommendations for 'right' or 'optimal' industrial policy “in certain contexts based on trade rules, case law and some countries' real experiences”. The author concludes this work with some thoughts on concrete actions to be taken at the WTO and national levels and in academic circles in order to better tackle industrial policy issues. In short, it gives us a special insight into what the UK may well face in the summer of 2019. This title is a part of Cambridge University Press’s International Trade and Economic Law series of books giving the reader a thoughtful intellectual approach to current trading atmosphere economists and lawyers face with the challenges a post-Brexit world will offer all of us if Article 50 is implemented. The book was published on 8th November 2018.

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    Product details

    • Date Published: October 2018
    • format: Adobe eBook Reader
    • isbn: 9781108651646
    • availability: This ISBN is for an eBook version which is distributed on our behalf by a third party.
  • Table of Contents

    Part I. General Tools of Industrial Policy:
    1. Industrial policy under the global trade regime
    1.1. The conceptual framework for industrial policy
    1.2. The multilateral trading system and industrial policy
    1.3. Concluding remarks
    2. Protection of domestic industry
    2.1. Border restrictions
    2.2. Taxes
    2.3. Product standards
    2.4. Protection of services industries
    2.5. Concluding remarks
    3. Promotion of domestic industry
    3.1. The economics of government subsidies
    3.2. The WTO subsidy regime
    3.3. Industrial policies in upstream sectors
    3.4. Concluding remarks
    Part II. Special Topics of Industrial Policy:
    4. Free zones and industrial development
    4.1. Free zones as an industrial policy tool
    4.2. Free zones under the revised Kyoto Convention
    4.3. Free zones under WTO rules
    4.4. Customs and trade rules: some questions of concurrent application
    4.5. Concluding remarks
    5. Local content requirements and industrialization
    5.1. LCRs and world practice
    5.2. Review of the economic literature
    5.3. The scope of the WTO-applicability to LCRs
    5.4. Legality of LCRs under WTO rules
    5.5. Data localization requirements as an emerging issue
    5.6. Concluding remarks
    6. The greening of industrial policy
    6.1. Environmental dimensions of industrial policy and trade
    6.2. Border carbon adjustments
    6.3. Renewable energy subsidies
    6.4. Environmental labels
    6.5. Environmental exceptions under GATT Article XX
    6.6. Harmonization of the trade and environmental regimes
    6.7. Concluding remarks
    7. Industrial policy in the age of creative economy
    7.1. Creative economy as a new paradigm of industrial policy
    7.2. The status of creative products under the WTO legal framework
    7.3. Creative economy and technological progress under WTO law
    7.4. Policy space for trade restrictions on creative products
    7.5. Concluding remarks.

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    Industrial Policy and the World Trade Organization

    Sherzod Shadikhodjaev

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  • Author

    Sherzod Shadikhodjaev, KDI School of Public Policy and Management
    Sherzod Shadikhodjaev is a professor at the KDI School of Public Policy and Management. He obtained his L.L.B. (with honours) from the University of World Economy and Diplomacy (Uzbekistan), and L.L.M. and Ph.D. in Law from the Korea University. Previously, he worked for the Korea Institute for International Economic Policy as a research fellow. He has done extensive academic and policy research in international economic law. His book Retaliation in the WTO Dispute Settlement System was published in 2009. His articles were published in globally recognized journals, including American Journal of International Law, Chinese Journal of International Law, the Journal of International Economic Law, World Trade Review and the Journal of World Trade.

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