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Market Disruption, Export Market Disruption, Compensation, and GATT Reform

Jagdish N. Bhagwati

Title:
Market Disruption, Export Market Disruption, Compensation, and GATT Reform
Author(s):
Bhagwati, Jagdish N.
Date:
Type:
Articles
Department(s):
Economics
Volume:
4
Persistent URL:
Book/Journal Title:
World Development
Abstract:
This paper analyzes the problem of market disruption as it currently afflicts the exporting countries, chiefly LDCs. Based on the analysis of optimal policy intervention under endogenous uncertainty, developed by Bhagwati and Srinivasan (Journal of International Economics, November 1976), it develops a complete set of rules by which the developed and less developed countries may abide, under a revised GATT code, when faced by the problem of increased competitiveness of LDC exports to DC markets. These rules include the compensation of LDCs by DCs, in varying degrees, for both potential and actual exercise of import restrictions by DCs.
Subject(s):
Economics
Publisher DOI:
https://doi.org/10.1016/0305-750X(76)90015-2
Item views
163
Metadata:
text | xml
Suggested Citation:
Jagdish N. Bhagwati, , Market Disruption, Export Market Disruption, Compensation, and GATT Reform, Columbia University Academic Commons, .

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