Political Economy of Antidumping and Safeguards in Argentina
Beginning in the late 1980s, Argentina implemented a series of reforms that were revolutionary in speed and scope, including trade liberalization. After the implementation of these policies, a record number of antidumping petitions came forward. Under a situation of high inflation, the government re...
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| Format: | Policy Research Working Paper |
| Language: | English |
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World Bank, Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/2005/05/5800521/political-economy-antidumping-safeguards-argentina http://hdl.handle.net/10986/8955 |
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okr-10986-89552021-04-23T14:02:42Z Political Economy of Antidumping and Safeguards in Argentina Nogués, Julio J. Baracat, Elías ADMINISTRATIVE PROCEDURES AGGREGATE IMPORTS ANTIDUMPING ANTIDUMPING MEASURES ANTIDUMPING PETITIONS AVERAGE TARIFF BALANCE OF PAYMENTS BALANCE OF PAYMENTS CRISES BILATERAL AGREEMENT BUDGET CONSTRAINTS CAPITAL FLOWS CAPITAL INFLOWS CLOSED ECONOMY COMMISSIONERS COMMISSIONS COMPARATIVE ADVANTAGE COMPETITIVE PRESSURES CONSUMERS COVERAGE CURRENCY CURRENT ACCOUNT CURRENT ACCOUNT DEFICIT DEBT DEVALUATION DISPUTE SETTLEMENT DOMESTIC INDUSTRY DOMESTIC PRODUCERS DUMPING ECONOMIC FACTORS ECONOMIC TRENDS ECONOMISTS EXCESS DEMAND EXCHANGE RATE EXPLOITATION EXPORT PRICE EXPORT SUBSIDIES EXPORT TAXES EXPORTERS EXPORTS EXTERNAL SHOCKS EXTERNAL TARIFF FINANCIAL SUBSIDIES FOREIGN EXCHANGE FUELS GDP IMPORT COMPETITION IMPORTS INFLATION INFLATION RATES INTERNATIONAL TRADE INTERNATIONAL TRADE POLICIES INVESTIGATIONS LEGISLATION MONETARY POLICIES MULTILATERAL DISCIPLINES OPEN TRADE REGIME OPENNESS OVERVALUATION POLICY INSTRUMENTS POLITICAL ECONOMY PROCESS OF TRADE LIBERALIZATION PRODUCERS PROGRAMS PROTECTIONISM REAL EXCHANGE RATE RECESSION REGIONAL TRADE REGIONAL TRADE LIBERALIZATION SAFEGUARD MEASURES SAFEGUARD PROTECTION STATISTICAL ANALYSIS TARIFF PROTECTION TARIFF RATES TAX RATES TRADE FLOWS TRADE LIBERALIZATION TRADE NEGOTIATIONS TRADE PERFORMANCE TRADE POLICIES TRADE POLICY TRADE POLICY INSTRUMENTS TRADE REGIME TRADE REMEDIES TRADE RESTRICTIONS UNEMPLOYMENT UNEMPLOYMENT RATE URUGUAY ROUND VALUE ADDED VALUE OF IMPORTS WAGES WORLD TRADE WORLD TRADE ORGANIZATION Beginning in the late 1980s, Argentina implemented a series of reforms that were revolutionary in speed and scope, including trade liberalization. After the implementation of these policies, a record number of antidumping petitions came forward. Under a situation of high inflation, the government reinforced its fiscal and monetary policies by announcing that it would minimize the use of such measures. The flexible disciplines of the existing domestic antidumping regulations facilitated this objective. Later, when the GATT/WTO-sanctioned trade remedies were implemented, the government made a serious attempt to establish discipline by including liberal regulations and creating special institutional arrangements. A presumption built into the construction of the new mechanisms was that adhering to WTO requirements would strengthen the resistance against protection. This presumption turned out to be false. Changing circumstances, including severe peso overvaluation, had significant effects on the number and outcome of antidumping investigations. Regarding safeguards, the government followed the letter and the spirit of the WTO agreement. In relation to the number of petitions, few measures have been implemented. Rejections were based on a concern for consumer costs and on failure of the industry seeking protection to provide a convincing modernization plan. This, plus the fact that some cases were brought to the WTO Dispute Settlement Body, have made safeguards a less attractive instrument for protection-seekers than antidumping. An important positive side of the story is that unlike previous balance of payments adjustments, in spite of the major crisis that followed the recent devaluation, the hard-won liberalization has been maintained. 2012-06-25T17:58:27Z 2012-06-25T17:58:27Z 2005-05 http://documents.worldbank.org/curated/en/2005/05/5800521/political-economy-antidumping-safeguards-argentina http://hdl.handle.net/10986/8955 English Policy Research Working Paper; No. 3587 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research Latin America & Caribbean Argentina |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
ADMINISTRATIVE PROCEDURES AGGREGATE IMPORTS ANTIDUMPING ANTIDUMPING MEASURES ANTIDUMPING PETITIONS AVERAGE TARIFF BALANCE OF PAYMENTS BALANCE OF PAYMENTS CRISES BILATERAL AGREEMENT BUDGET CONSTRAINTS CAPITAL FLOWS CAPITAL INFLOWS CLOSED ECONOMY COMMISSIONERS COMMISSIONS COMPARATIVE ADVANTAGE COMPETITIVE PRESSURES CONSUMERS COVERAGE CURRENCY CURRENT ACCOUNT CURRENT ACCOUNT DEFICIT DEBT DEVALUATION DISPUTE SETTLEMENT DOMESTIC INDUSTRY DOMESTIC PRODUCERS DUMPING ECONOMIC FACTORS ECONOMIC TRENDS ECONOMISTS EXCESS DEMAND EXCHANGE RATE EXPLOITATION EXPORT PRICE EXPORT SUBSIDIES EXPORT TAXES EXPORTERS EXPORTS EXTERNAL SHOCKS EXTERNAL TARIFF FINANCIAL SUBSIDIES FOREIGN EXCHANGE FUELS GDP IMPORT COMPETITION IMPORTS INFLATION INFLATION RATES INTERNATIONAL TRADE INTERNATIONAL TRADE POLICIES INVESTIGATIONS LEGISLATION MONETARY POLICIES MULTILATERAL DISCIPLINES OPEN TRADE REGIME OPENNESS OVERVALUATION POLICY INSTRUMENTS POLITICAL ECONOMY PROCESS OF TRADE LIBERALIZATION PRODUCERS PROGRAMS PROTECTIONISM REAL EXCHANGE RATE RECESSION REGIONAL TRADE REGIONAL TRADE LIBERALIZATION SAFEGUARD MEASURES SAFEGUARD PROTECTION STATISTICAL ANALYSIS TARIFF PROTECTION TARIFF RATES TAX RATES TRADE FLOWS TRADE LIBERALIZATION TRADE NEGOTIATIONS TRADE PERFORMANCE TRADE POLICIES TRADE POLICY TRADE POLICY INSTRUMENTS TRADE REGIME TRADE REMEDIES TRADE RESTRICTIONS UNEMPLOYMENT UNEMPLOYMENT RATE URUGUAY ROUND VALUE ADDED VALUE OF IMPORTS WAGES WORLD TRADE WORLD TRADE ORGANIZATION |
| spellingShingle |
ADMINISTRATIVE PROCEDURES AGGREGATE IMPORTS ANTIDUMPING ANTIDUMPING MEASURES ANTIDUMPING PETITIONS AVERAGE TARIFF BALANCE OF PAYMENTS BALANCE OF PAYMENTS CRISES BILATERAL AGREEMENT BUDGET CONSTRAINTS CAPITAL FLOWS CAPITAL INFLOWS CLOSED ECONOMY COMMISSIONERS COMMISSIONS COMPARATIVE ADVANTAGE COMPETITIVE PRESSURES CONSUMERS COVERAGE CURRENCY CURRENT ACCOUNT CURRENT ACCOUNT DEFICIT DEBT DEVALUATION DISPUTE SETTLEMENT DOMESTIC INDUSTRY DOMESTIC PRODUCERS DUMPING ECONOMIC FACTORS ECONOMIC TRENDS ECONOMISTS EXCESS DEMAND EXCHANGE RATE EXPLOITATION EXPORT PRICE EXPORT SUBSIDIES EXPORT TAXES EXPORTERS EXPORTS EXTERNAL SHOCKS EXTERNAL TARIFF FINANCIAL SUBSIDIES FOREIGN EXCHANGE FUELS GDP IMPORT COMPETITION IMPORTS INFLATION INFLATION RATES INTERNATIONAL TRADE INTERNATIONAL TRADE POLICIES INVESTIGATIONS LEGISLATION MONETARY POLICIES MULTILATERAL DISCIPLINES OPEN TRADE REGIME OPENNESS OVERVALUATION POLICY INSTRUMENTS POLITICAL ECONOMY PROCESS OF TRADE LIBERALIZATION PRODUCERS PROGRAMS PROTECTIONISM REAL EXCHANGE RATE RECESSION REGIONAL TRADE REGIONAL TRADE LIBERALIZATION SAFEGUARD MEASURES SAFEGUARD PROTECTION STATISTICAL ANALYSIS TARIFF PROTECTION TARIFF RATES TAX RATES TRADE FLOWS TRADE LIBERALIZATION TRADE NEGOTIATIONS TRADE PERFORMANCE TRADE POLICIES TRADE POLICY TRADE POLICY INSTRUMENTS TRADE REGIME TRADE REMEDIES TRADE RESTRICTIONS UNEMPLOYMENT UNEMPLOYMENT RATE URUGUAY ROUND VALUE ADDED VALUE OF IMPORTS WAGES WORLD TRADE WORLD TRADE ORGANIZATION Nogués, Julio J. Baracat, Elías Political Economy of Antidumping and Safeguards in Argentina |
| geographic_facet |
Latin America & Caribbean Argentina |
| relation |
Policy Research Working Paper; No. 3587 |
| description |
Beginning in the late 1980s, Argentina implemented a series of reforms that were revolutionary in speed and scope, including trade liberalization. After the implementation of these policies, a record number of antidumping petitions came forward. Under a situation of high inflation, the government reinforced its fiscal and monetary policies by announcing that it would minimize the use of such measures. The flexible disciplines of the existing domestic antidumping regulations facilitated this objective. Later, when the GATT/WTO-sanctioned trade remedies were implemented, the government made a serious attempt to establish discipline by including liberal regulations and creating special institutional arrangements. A presumption built into the construction of the new mechanisms was that adhering to WTO requirements would strengthen the resistance against protection. This presumption turned out to be false. Changing circumstances, including severe peso overvaluation, had significant effects on the number and outcome of antidumping investigations. Regarding safeguards, the government followed the letter and the spirit of the WTO agreement. In relation to the number of petitions, few measures have been implemented. Rejections were based on a concern for consumer costs and on failure of the industry seeking protection to provide a convincing modernization plan. This, plus the fact that some cases were brought to the WTO Dispute Settlement Body, have made safeguards a less attractive instrument for protection-seekers than antidumping. An important positive side of the story is that unlike previous balance of payments adjustments, in spite of the major crisis that followed the recent devaluation, the hard-won liberalization has been maintained. |
| format |
Publications & Research :: Policy Research Working Paper |
| author |
Nogués, Julio J. Baracat, Elías |
| author_facet |
Nogués, Julio J. Baracat, Elías |
| author_sort |
Nogués, Julio J. |
| title |
Political Economy of Antidumping and Safeguards in Argentina |
| title_short |
Political Economy of Antidumping and Safeguards in Argentina |
| title_full |
Political Economy of Antidumping and Safeguards in Argentina |
| title_fullStr |
Political Economy of Antidumping and Safeguards in Argentina |
| title_full_unstemmed |
Political Economy of Antidumping and Safeguards in Argentina |
| title_sort |
political economy of antidumping and safeguards in argentina |
| publisher |
World Bank, Washington, DC |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/2005/05/5800521/political-economy-antidumping-safeguards-argentina http://hdl.handle.net/10986/8955 |
| _version_ |
1764407335226179584 |