Date: 2013
Type: Working Paper
Global governance of international competitiveness spillovers
Working Paper, EUI RSCAS, 2013/33, Global Governance Programme-49, Global Economics
HOEKMAN, Bernard M., Global governance of international competitiveness spillovers, EUI RSCAS, 2013/33, Global Governance Programme-49, Global Economics - https://hdl.handle.net/1814/27035
Retrieved from Cadmus, EUI Research Repository
Reducing public sector deficits and high debt burdens in part will require an increase in net exports – which is only possible if the countries concerned are able to produce goods and services that are ‘competitive’ on world markets. Policies aimed at enhancing competitiveness may be offset by actions taken in other countries and can generate negative international pecuniary spillovers. This paper discusses different approaches towards dealing with (perceived) cross-border externalities. In many cases there will be a significant degree of uncertainty as what the net effects of policies are, taking into account the overall impact of policy measures that have a bearing on firm-level competitiveness. A case is for greater cooperation to enhance the transparency of applied policies; assess their impacts and establish mechanisms to consult and exchange information.
Cadmus permanent link: https://hdl.handle.net/1814/27035
ISSN: 1028-3625
Series/Number: EUI RSCAS; 2013/33; Global Governance Programme-49; Global Economics
Keyword(s): International economic policy Multilateral cooperation Spillovers Competitiveness Economic integration F13
Other topic(s): Trade, investment and international cooperation