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Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
Title:Managing trade liberalization: legal system deficiencies and the political economy of contingency protection in Ghana
Author:Ayine, Dominic M.ISNI
Year:2004
Periodical:Journal of African Law
Volume:48
Issue:2
Pages:207-238
Language:English
Geographic term:Ghana
Subjects:trade policy
trade restrictions
External link:https://www.jstor.org/stable/27607920
Abstract:This article examines how effectively Ghana has managed pressures from domestic import-competing industries and unionized labour for protection since the country engaged in radical and far-reaching trade liberalization under World Bank and IMF auspices. It argues that the heavy influence of public choice theory on the conception of the regulatory role of government in the economy held by these principal architects of Ghana's trade reforms has resulted in the omission to provide for contingency protection measures for domestic industries adversely impacted by imports as a consequence of liberalization. Though these measures pose a counternormative threat to free trade, they are necessary tools for the effective management of protectionist pressures and therefore for sustaining free trade itself. The article concludes that the uncritical application of choice theoretic analyses to Ghana's trade reforms may be mistaken. There is no rational alternative to dealing with the problem of protectionist pressure other than a resort to the legitimate mechanism provided under international law. Notes, ref., sum. (p. ii). [Journal abstract]
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