In This Review

Trade Effects of Public Subsidies to Private Enterprise
Trade Effects of Public Subsidies to Private Enterprise
By Geoffrey Denton, Seamus O'cleireacain, and Sally Ash
Macmillan Press (for the Trade Policy Research Centre), 1975, 293 pp

More talked about than studied, subsidies will be a central problem for international economic relations in the years ahead. This hard-digging, clearly written work illuminates some British experience with industrial policy, but frankly shows how hard it is going to be to get satisfactory answers to some of the key questions.

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