Global Governance of International Competitiveness Spillovers
AbstractReducing public sector deficits and high debt burdens in part will require an increase in net exports – which is only possible if the countries concerned are able to produce goods and services that are 'competitive' on world markets. Policies aimed at enhancing competitiveness may be offset by actions taken in other countries and can generate negative international pecuniary spillovers. This paper discusses different approaches towards dealing with (perceived) cross-border externalities. In many cases there will be a significant degree of uncertainty as what the net effects of policies are, taking into account the overall impact of policy measures that have a bearing on firm-level competitiveness. A case is for greater cooperation to enhance the transparency of applied policies; assess their impacts and establish mechanisms to consult and exchange information.
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Bibliographic InfoPaper provided by European University Institute in its series RSCAS Working Papers with number 2013/33.
Date of creation: Jun 2013
Date of revision:
international economic policy; multilateral cooperation; spillovers; competitiveness; economic integration;
Find related papers by JEL classification:
- F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
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