Firms and governments in international trade

This chapter examines both the role of firms in the trade-policy-making process and the issues that confront corporate and political actors. It considers how firms try to translate policy preferences into state action and factors that condition success. This is done by examining how trade policy making has changed since the creation of the GATT in 1947. The chapter also shows how the content of trade policy has changed from an emphasis on tariffs to a more complex agenda that embraces regulatory issues and industrial policies.