Iron Law Of Subsidies

Iron law of subsidies in Global Commerce Policy

In this regard, a definition of this issue is as follows: the proposition that subsidies delay reforms and depress productivity by keeping inefficient producers in business, unless the granting of the subsidy is accompanied by strict and enforced rules for reform. See also law of constant protection.[1]

Iron law of subsidiesin the wold Encyclopedia

For an introductory overview on international trade policy, see this entry.

Resources

Notes and References

1. Dictionary of Trade Policy, “Iron law of subsidies” entry (OAS)

See Also