Sectoral Problems: Steel, Shipbuilding, Chemicals and Textiles
In recent years, since the early 1970s, several industries in Western Europe have experienced poor demand conditions which cannot be entirely attributed to the slowdown in growth in the world economy. They are the victims of structural change, part of the normal process of growth, whereby some sectors expand as others contract. During the ‘recession’, their problems have grown so much that their very future is in doubt. Public attention is focussed on their plight to such an extent that the counterpart existence of growing industries is ignored or forgotten.
KeywordsEuropean Community Financial Time Steel Producer Steel Industry Industrial Policy
Unable to display preview. Download preview PDF.
- 4.The implications of the trigger-price mechanism of the United States were set out in Matthew J. Marks, ‘Remedies to “Unfair” Trade: American Action against Steel Imports’, The World Economy, January 1978, where the difficulties of continuing the system for long were foreshadowed.Google Scholar
- For a thorough discussion of the above arrangements, looking both back and forward, see Donald B. Keesing and Martin Wolf, Textile Quotas against Developing Countries, Thames Essay No. 23 (London: Trade Policy Research Centre, 1980).Google Scholar