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). As a result, economists underestimated the incidence of new protectionism because 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.

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Yes, you can access Local Content Requirements by Gary Clyde Hufbauer, Jeffrey Schott, Cathleen Cimino-Isaacs, Martin Vieiro, Erika Wada in PDF and/or ePUB format, as well as other popular books in Politics & International Relations & Trade & Tariffs. We have over one million books available in our catalogue for you to explore.

Information

Publisher

Peterson Institute for International Economics

Year

2013

ISBN

9780881326819

Topic

Politics & International Relations

Subtopic

Trade & Tariffs

Index

Politics & International Relations

Cover
Half Title
Title
Copyright
Contents
Preface
Acknowledgments
Abbreviations
Executive Summary
1 Introduction: The LCR Phenomenon
2 Alternatives to Local Content Requirements
3 Survey and Case Studies
4 Healthcare Industry in Brazil
5 Wind Turbines in Canada
6 Automobile Industry in China
7 Solar Cells and Modules in India
8 Oil and Gas Industry in Nigeria
9 Not Buying It: Buy American/Buy America
10 Conclusions and Recommendations
Appendix A Local Content Requirements since 2008
References
Index
Back Cover