Local Content Requirements is popular PDF and ePub book, written by Gary Clyde Hufbauer in 2013-10-07, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Local Content Requirements can be Read Online from any device for your convenience.
Local Content Requirements Book PDF Summary
In the wake of the Great Recession of 2008–09, economists feared that protectionist policies might sweep the world economy, echoing the wave of tariff escalations during the Great Depression of the 1930s. To some surprise, officials were more restrained and largely avoided traditional forms of protection (tariffs and quotas), leading some observers to underestimate the incidence of new protectionism. In fact, policymakers increasingly turned to more opaque behind-the-border nontariff barriers (NTBs). Using a combination of statistical analysis and case studies, the authors show that local content requirements (LCRs), a form of NTB, have become increasingly popular. How much was global trade actually reduced on account of LCRs? A conservative estimate might be $93 billion. Case studies featured cover the healthcare sector in Brazil, wind turbines in Canada, the automobile industry in China, solar cells and modules in India, oil and gas in Nigeria, and “Buy American” restrictions on government procurement in the United States.
Detail Book of Local Content Requirements PDF
- Author : Gary Clyde Hufbauer
- Release : 07 October 2013
- Publisher : Peterson Institute for International Economics
- ISBN : 9780881326802
- Genre : Business & Economics
- Total Page : 272 pages
- Language : English
- PDF File Size : 10,8 Mb
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