Policies facilitating firm adjustment to globalization /
Hoekman, Bernard M., 1959-
Policies facilitating firm adjustment to globalization / Bernard Hoekman and Bernard Hoekman and Beata Smarzynska Javorcik. - Washington, d. C : World Bank, 2004. - 27p ; 27 cm. - Policy research working papers ; no. 3441 .
Also available online. "Hoekman and Javorcik focus on policies facilitating firm adjustment to globalization. They briefly review the effects of trade and investment liberalization on firms, focusing on within-industry effects. They postulate that government's role in supporting the process is to (1) ensure that firms face "right"incentives to adjust, and (2) intervene in areas where market failures are present. Their main message is that while many policies could be adopted to address market failures, they need to be carefully designed and implemented in a stable macroeconomic environment. An institutional infrastructure that supports the functioning of modern markets is most important. Proactive support policies of whatever stripe should be subject to cost-benefit analysis, based on the existence of an identified market failure, and monitored for performance and cost effectiveness. Transparency and a
Includes bibliographical references.
Open access.
Globalization.
International business enterprises.
Policies facilitating firm adjustment to globalization / Bernard Hoekman and Bernard Hoekman and Beata Smarzynska Javorcik. - Washington, d. C : World Bank, 2004. - 27p ; 27 cm. - Policy research working papers ; no. 3441 .
Also available online. "Hoekman and Javorcik focus on policies facilitating firm adjustment to globalization. They briefly review the effects of trade and investment liberalization on firms, focusing on within-industry effects. They postulate that government's role in supporting the process is to (1) ensure that firms face "right"incentives to adjust, and (2) intervene in areas where market failures are present. Their main message is that while many policies could be adopted to address market failures, they need to be carefully designed and implemented in a stable macroeconomic environment. An institutional infrastructure that supports the functioning of modern markets is most important. Proactive support policies of whatever stripe should be subject to cost-benefit analysis, based on the existence of an identified market failure, and monitored for performance and cost effectiveness. Transparency and a
Includes bibliographical references.
Open access.
Globalization.
International business enterprises.