Economics of Safeguard Measures under the WTO Framework

Author: Yan Jianmiao
Publisher:
Publish Date: 2006-09-01
Features: Safeguard measures are trade remedy tools, alongside anti-dumping and anti-subsidy, for protecting domestic industries within the WTO framework. This book examines the historical origins and evolution of the safeguard measures system through a review of the history of the international trade system, attempting a new economic history interpretation of institutional change. Based on a general theoretical analysis of trade protection through the implementation of safeguard measures, it constructs a theoretical analysis framework for safeguard measures composed of economic distortion theory, new trade theory, and the political economy of trade policy. It also explains the economic effects and effectiveness of implementing safeguard measures. Additionally, using steel product safeguard measures as an example, it empirically verifies the theoretical analysis framework established in this book, draws conclusions, and proposes corresponding recommendations for China's use of safeguard measures as a policy tool.