GATT riddance?
Article Abstract:
The Uruguay round of talks on the General Agreement on Tariffs and Trade (GATT) should be completed as soon as possible, but GATT itself is flawed as a framework for negotiations, and has not discouraged protectionism to any great extent. Loopholes remain, while new barriers have arisen, for example in the complex agreements surrounding textile trade. GATT is also based on a mercantilist philosophy, and so is never likely to succeed in eliminating protectionism. Unilateral trade liberalization would be a more fruitful course, and Washington could set an example by gradually eliminating US trade barriers.
Publication Name: Regulation
Subject: Law
ISSN: 0147-0590
Year: 1993
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Chipping away at industrial policy
Article Abstract:
The decline and fall of the US semiconductor industry highlights the failure of the country's industrial policy. In response to Japanese ascendancy in the dynamic random access memory (DRAM) market during the 1980s, a series of interventionist government policies were implemented to rescue US chip manufacturers. However, despite government intervention in the DRAM market, US firms regained their dominance in the 1990s by concentrating their resources on specialized, design-intensive chips.
Publication Name: Regulation
Subject: Law
ISSN: 0147-0590
Year: 1992
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Deregulating the semiconductor industry
Article Abstract:
The Clinton administration should not seek the extension of the US-Japan Semiconductor Agreement since the existence of joint ventures between US and Japanese semiconductor firms and the growth of the US semiconductor industry make the agreement ineffective and virtually useless. The goal of a US market share of 20% in Japan has already been achieved in 1992. Moreover, the US has cornered most of the semiconductor sales worldwide.
Publication Name: Regulation
Subject: Law
ISSN: 0147-0590
Year: 1996
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