Industrial policy and international cooperation

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dc.contributor.authorHOEKMAN, Bernard M.
dc.contributor.authorNELSON, Douglas
dc.date.accessioned2025-05-29T09:19:05Z
dc.date.available2025-05-29T09:19:05Z
dc.date.issued2025
dc.descriptionPublished online: 28 May 2025
dc.description.abstractIndustrial policy interventions affecting international trade and investment are motivated by a mix of economic and non-economic objectives. Some are explicitly protectionist, targeting an expansion of domestic production; others are not but have adverse impacts on trade, reducing the potential role of trade as a means to help attain non-economic objectives efficiently. The prospects for open trade to contribute to the realization of non-economic objectives are enhanced if states consider the extent to which they have similar goals and cooperate in designing industrial policies to attain them. Cooperation to attenuate negative spillovers and improve the prospects of attaining underlying goals is in the self-interest of states. Arguments that international cooperation on industrial policy is politically infeasible or constitutes an undesirable erosion of sovereignty are misconceived given the significant opportunity costs of uncoordinated unilateral industrial policy interventions.
dc.description.sponsorshipThis article was published Open Access with the support from the EUI Library through the CRUI - CUP Transformative Agreement (2023-2025)
dc.description.sponsorshipThis research was partly supported by the Centre for Inclusive Trade Policy, Economic and Social Research Council, grant number ES/W002434/1 and the European Research Council, grant no. 101142666-PIANO-ERC-2023-ADG (Hoekman).
dc.format.mimetypeapplication/pdf
dc.identifier.citationWorld trade review, 2025, Vol. 24, No. 2, pp. 136-152
dc.identifier.doi10.1017/S1474745624000673
dc.identifier.endpage152
dc.identifier.issn1474-7456
dc.identifier.issn1475-3138
dc.identifier.issue2
dc.identifier.startpage136
dc.identifier.urihttps://hdl.handle.net/1814/92759
dc.identifier.volume24
dc.language.isoen
dc.orcid.putcode1814/78893:184986834
dc.publisherCambridge University Press
dc.relationPlurilateral integration agreements and noneconomic objectives
dc.relation.ispartofWorld trade review
dc.relation.ispartofseries[Global Governance Programme]
dc.relation.ispartofseries[Global Economics]
dc.rightsinfo:eu-repo/semantics/openAccess
dc.subjectNon-economic objectives
dc.subjectIndustrial policy
dc.subjectSpillovers
dc.subjectInternational cooperation
dc.titleIndustrial policy and international cooperation
dc.typeArticle
dspace.entity.typePublication
person.identifier.orcid0000-0002-6839-7142
person.identifier.other36413
person.identifier.other43928
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