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"As anti-globalization and geopolitical tensions continue to rise, the use of Local Content Requirements (LCRs) around the world has become more noticeable than ever before. The reasons for adopting LCRs range from ensuring domestic supply availability, job creation, increasing value added, to safeguarding national security. Ing and Grossman examine country-specific as well as firm-product level exercises to explain how LCRs reduce fair competition, resulting in lower trade and productivity, which ultimately lowers world economic output and overall human welfare. Countries around the world are investigated with specific attention to the US, China, Indonesia, and resource-intensive countries, including mining-intensive ones. The book also presents product and firm level analyses, answering the question of why countries adopted LCRs and how LCRs actually affect the world economy. A useful resource that will interest policymakers, researchers and advanced undergraduates interested in international trade, industrial policy, political economy, labour economics, and development economics"-- Provided by publisher.

Commercial policy. --- Economic development. --- Foreign trade regulation. --- International trade.

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This collection of papers by colleagues and former students celebrates the profound impact that Jagdish Bhagwati has had on the field of international economics over the past three decades. Bhagwati, who is the Arthur Lehman Professor of Economics at Columbia University, has made pathbreaking contributions to the theory of international trade and commercial policy, including immiserizing growth, domestic distortions, economic development, and political economy. His success and influence as a teacher and mentor is widely recognized among students at both MIT and Columbia, and as founder of the Journal of International Economics, he has encouraged research on many questions of theoretical and policy relevance. The political economy of trade policy, Bhagwati's most recent area of interest, is the theme of this collection, which addresses salient topics including market distortions, income distribution, and the political process of policy-making.

Commercial policy --- International trade --- Commerce --- Business & Economics --- International Commerce --- Congresses --- Bhagwati, Jagdish N., --- Jagdish Bhagwati, --- Bhagwati, Jagdish,