000			01891nam a2200289 a 4500
001			rea00032484
005			20190704021442.0
008			s2004 wau e 001 0 eng d
035			_z59032
039			_a32479 _cTLC
100	1		_aHoekman, Bernard M., _d1959-
245	1	0	_aPolicies facilitating firm adjustment to globalization / _cBernard Hoekman and Bernard Hoekman and Beata Smarzynska Javorcik.
260			_aWashington, d. C : _bWorld Bank, _c2004.
300			_a27p ; _c27 cm.
440		0	_aPolicy research working papers ; _vno. 3441
500			_aAlso available online.
500			_a"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
504			_aIncludes bibliographical references.
506			_aOpen access.
650		0	_aGlobalization.
650		0	_aInternational business enterprises.
700	1		_aJavorcik, Beata K. Smarzynska jt. author.
710	2		_aWorld Bank.
949			_aBSPC _bSPC _cHG3881.5 _d.W57no.3441 _g59032 _5N
961			_t1
999			_c25377 _d25377