Trade Warriors: States, Firms, and Strategic-Trade Policy in High-Technology Competition (Hardback)
  • Trade Warriors: States, Firms, and Strategic-Trade Policy in High-Technology Competition (Hardback)
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Trade Warriors: States, Firms, and Strategic-Trade Policy in High-Technology Competition (Hardback)

(author)
£39.99
Hardback 224 Pages / Published: 28/05/1999
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Commercial rivalries in high technology are among the most heated in today's global economy. From robotics to aerospace, states are subsidizing their national champions and competing for market share in the 'industries of tomorrow'. This book explains why states intervene and (or) retaliate in some high technology industries, but not in others, and how these commercial rivalries are likely to unfold. Dr Busch argues that states subsidize national champions in industries promising externalities for domestic industries, spend more on subsidies where these benefits do not escape national borders, and are more likely to bring these commercial rivalries back from the brink of a trade war where these subsidies leave both states worse off. This book is among the first to argue specifically about externalities and to evaluate how they have, or have not, shaped decisions for strategic trade in several of the most important commercial rivalries in high technology. Drawing on new and previously unreported documentation from governments, firms, industry associations and expert observers in Europe, Japan, and the US, Dr Busch sheds new light on the high technology industries of the civil aircraft, semiconductors, high-definition television, robotics and superconductors.

Publisher: Cambridge University Press
ISBN: 9780521633406
Number of pages: 224
Weight: 500 g
Dimensions: 229 x 152 x 16 mm


MEDIA REVIEWS
'Busch provides a valuable foundation which other scholars can use in showing how a broad range of policy instruments supplement state efforts to capture the gains of innovation through the trade policy measures emphasised in this book.' West European Politics
"Marc Busch has written an excellent book. Trade Warriors is essential reading for anyone interested in the scholarly and policy debates over strategic trade and industrial policy. It breaks new ground in our understanding of the role played by the state in competition at the frontier of advanced technology." Michael Mastanduno, Dartmouth College
"This book successfully integrates game theory and industrial economics with a series of case studies to illuminate the dynamics of state support for high-technology firms and sectors. Its explanation for the circumstances in which governments pursue particular strategies makes an important theoretical contribution to the literature on strategic trade policy." David Vogel, University of California, Berkeley
"Trade Warriors is an important and original extension of the great debate over strategic trade. Marc Busch challenges liberal and statist orthodoxies. This well reasoned and carefully researched book will force a fundamental reappraisal of Krugman, Tyson, Grossman, and Reich." Kenneth Oye, MIT

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