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Rethinking international subsidy disciplines : rationale and possible avenues for reform
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2313-3805
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The E-15 Initiative; Overview Paper; 2015; [Global Governance Programme]; [Global Economics]
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RUBINI, Luca, Rethinking international subsidy disciplines : rationale and possible avenues for reform, The E-15 Initiative, Overview Paper, 2015, [Global Governance Programme], [Global Economics] - https://hdl.handle.net/1814/39404
Abstract
The need for reform of subsidy rules, in particular in the direction of introducing specific exceptions for legitimate subsidies, is increasingly seen in the literature. The essence of the call for reform is that the rules, which were negotiated and designed in the 1980s and early 1990s, are not up to the job in the current climate. This paper focuses on the rationale and possible avenues of reform of subsidies disciplines in light of today’s challenges. It should be read in conjunction with the analytical paper providing a review of current government practices in the area of subsidies, which constitutes its logical preamble.