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Email this citationCIAO DATE: 03/04
The Bombardier-Embraer Dispute and its Implications for Western Hemisphere Integration
Jonathan Doh
December 2003
Abstract
Government subsidies are a pervasive problem for international trade and economic development. Subsidies distort investment decisions, generally squander scarce public resources, skew public expenditures toward unproductive uses, unfairly discriminate against efficient industries and firms, and prompt wasteful overconsumption of some products over others. Despite efforts to limit subsidies through trade and investment policy disciplines, subsidization remains a constant on the global trade policy and international business landscape.
