Export enhancement, WTO rules and financial crises
Document Type
Journal article
Source Publication
International Journal of Business and Social Science
Publication Date
4-1-2011
Volume
2
Issue
6
First Page
62
Last Page
71
Publisher
Centre for Promoting Ideas
Keywords
Financial Crisis, export assistance, WTO, China
Abstract
This paper reassesses the current WTO rules on export assistances in light of the global financial crisis. Our empirical analysis shows that export enhancing measures had positive effects on household consumption, implying that such measures were necessary to prevent the domestic economy from falling into deeper recession wrought by the financial crisis. The domestic economy is in a dilemma during a financial crisis because, on the one hand, it must rescue the economy, but on the other, it must not hurt the other exporters. In view of this polemic, this paper points out that the current law is inadequate in that it fails to take into account important and highly relevant economic issues pertaining to the current global financial crisis.
Print ISSN
22191933
E-ISSN
22196021
Publisher Statement
Copyright © Centre for Promoting Ideas, USA
Full-text Version
Publisher’s Version
Language
English
Recommended Citation
Voon, J. P., & Voon, J. K. (2011). Export enhancement, WTO rules and financial crises. International Journal of Business and Social Science, 2(6), 62-71.