Following Rogowski, more or less, the author focused on the domestic redistributive effects of the trade-industrial policies. The significance of the industrial policies depended on the interaction between the industrial geography and the the electoral system. The more concentrated the industry is, the more overlapped with the voters, the more possibility it will be the privileged. The reason is clear: the politicans tend to buy-off the voters, who may close their factories or lose their jobs in the election districts.
Moreover, the author tried to argue that the redistributive power of trade policies is, more or less, effective. It may display on the prices on the stock market. The US steel industry is a good example of the privileged industry.
One of the presumption of the study, of course, is the democratic regime. Rather, the developing countries under the authoritarianism may more often take the trade and industrial policies without the pressure of voters. What kind of redistributive effects the trade and industrial policies will be?...Continua