Tables 11-1 and 11-2 presented a situation in which European governments were able to use a subsidy
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Tables 11-1 and 11-2 presented a situation in which European governments were able to use a subsidy to achieve a strategic advantage, while Tables 11-3 and 11-4 presented a situation in which it could not. What is the crucial distinction between these two cases? That is, what is the general rule for determining when a subsidy can work?
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Related Book For
International Economics Theory & Policy
ISBN: 9780138002121
8th Edition
Authors: Paul R Krugman, Maurice Obstfeld
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