In This Review

Protection and Industrial Policy in Europe
Protection and Industrial Policy in Europe
By Joan Pearce and John Sutton, with Roy Batchelor
Routledge & Kegan Paul/The Royal Institute of International Affairs, 1985, 220 pp

Although the authors recognize the limits of classical trade theory in a world of imperfect competition and government intervention, they reject most of the arguments for protection as unlikely to enhance European competitiveness in the world or improve the integration of the European Community. They see little chance of agreement on a coordinated Community industrial policy but think protection is more likely to be provided for new than for old industries. Along the way are useful summaries of policies and attitudes in France, Britain, Germany and occasionally other countries. A very good book, refreshingly free from loose generalizations about "protectionism" and "free trade."