Francois, Joseph F.; Hoekman, Bernard; Nelson, Douglas R. (2023). Trade and Sustainable Development: Non-Economic Objectives in the Theory of Economic Policy. World trade review, 22(3-4), pp. 463-473. Cambridge University Press 10.1017/S147474562300006X
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While the theory of economic policy offers a potential framework for thinking about the joint pursuit of economic objectives (EOs) and non-economic objectives (NEOs), over time the theory of economic policy was formalized in a way that considers NEOs as constraints that are given, rather than as goals that may themselves be endogenous alongside EOs. We examine the analytical treatment of NEOs as co-determined with EOs, revisiting some of the ground broken by Alan Winters in his analysis of NEOs. We review the place of NEOs in the theory of economic policy, discuss current practice in the representation of such objectives as exogenous constraints, and develop an argument for representation of NEOs as objectives in themselves.
Item Type: |
Journal Article (Original Article) |
|---|---|
Division/Institute: |
02 Faculty of Law > Department of Economic Law > World Trade Institute 10 Strategic Research Centers > World Trade Institute |
UniBE Contributor: |
Francois, Joseph, Hoekman, Bernard |
Subjects: |
300 Social sciences, sociology & anthropology > 380 Commerce, communications & transportation |
ISSN: |
1474-7456 |
Publisher: |
Cambridge University Press |
Language: |
English |
Submitter: |
Julia Alexandra Schlosser |
Date Deposited: |
18 Dec 2023 11:11 |
Last Modified: |
18 Dec 2023 11:21 |
Publisher DOI: |
10.1017/S147474562300006X |
BORIS DOI: |
10.48350/190253 |
URI: |
https://boris.unibe.ch/id/eprint/190253 |
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