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000120203 005__ 20180122220656.0
000120203 0247_ $$2Other$$a1496-5208
000120203 037__ $$a1753-2016-141216
000120203 037__ $$a1753-2016-141363
000120203 041__ $$aen
000120203 245__ $$aStrategic Devaluation, Trade and Political Convenience
000120203 260__ $$c2012-01-31
000120203 269__ $$a2012-01-31
000120203 300__ $$a13
000120203 336__ $$aJournal Article
000120203 490__ $$aEstey Centre Journal of International Law and Trade Policy
000120203 490__ $$aVolume 13, Number 1, Winter 2012
000120203 520__ $$aThe economies of developed countries have, since 2007, experienced the most significant and persistent period of economic malaise since the 1930s. Domestic economic policies have failed to revive sustained economic growth and, as a result, unemployment remains at levels that voters find difficult to accept. In addition, without tax revenue-enhancing growth, government deficits persist, and borrowing to finance the cumulative deficits has become increasingly difficult for some countries. With domestic policies largely exhausted, but economic growth elusive, policy makers have been considering external policies as a means to stimulate their economies. Trade protectionism and strategic devaluation are potential policies. The lessons of the 1930s regarding the dangers of beggar thy neighbour protectionism appear to retain their currency with policy makers, but the same may not be true for strategic devaluation. The article outlines the likely poor efficacy of strategic devaluation as a politically convenient mechanism to escape the current economic malaise.
000120203 542__ $$fLicense granted by David Hutchinson (david.hutchinson@esteycentre.com) on 2012-02-03T19:36:34Z (GMT):

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000120203 650__ $$aFinancial Economics
000120203 650__ $$aInstitutional and Behavioral Economics
000120203 650__ $$aInternational Relations/Trade
000120203 650__ $$aPolitical Economy
000120203 6531_ $$aCooperative solution
000120203 6531_ $$aGreat Depression
000120203 6531_ $$aretaliation
000120203 6531_ $$astrategic devaluation
000120203 6531_ $$atrade
000120203 700__ $$aKerr, William A.
000120203 773__ $$dWinter 2012$$jVolume 13$$kNumber 1$$o13$$q1$$tEstey Journal of International Law and Trade Policy
000120203 8564_ $$s389747$$uhttps://ageconsearch.umn.edu/record/120203/files/kerr13-1.pdf
000120203 887__ $$ahttp://purl.umn.edu/120203
000120203 909CO $$ooai:ageconsearch.umn.edu:120203$$pGLOBAL_SET
000120203 912__ $$nSubmitted by David Hutchinson (david.hutchinson@esteycentre.com) on 2012-02-03T19:47:54Z
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  Previous issue date: 2012-01-31
000120203 982__ $$gEstey Centre Journal of International Law and Trade Policy >Volume 13, Number 1, Winter 2012
000120203 980__ $$a1753