Preserving Policy Space for Sustainable Development: The Subsidies Agreement at the WTO - Full Report

By Francisco Aguayo Ayala, Kevin P. Gallagher on November 28, 2005
This paper addresses the need to preserve the ability of nations to use subsidies in order to correct distortions in the global economy and spur innovation for sustainable development. It shows that the Agreement on Subsidies and Countervailing Measures (SCM) created significant policy space for nations to address technological, poverty and environmental problems—all seminal issues for sustainable development—but that such space no longer exists.

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IISD, 2005