Program in search of a policy: The chrysler loan guarantee

In 1979, the U.S. government responded to the threat that Chrysler might close its doors with a program that had almost no U.S. precedents. The policy that lay behind the program was obscure at the time and remains so. A variant of the traditional argument for the protection of infant industries off...

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Bibliographic Details
Published inJournal of policy analysis and management Vol. 1; no. 4; pp. 443 - 453
Main Authors Freeman, Brian M., Mendelowitz, Allan I.
Format Journal Article
LanguageEnglish
Published New York Wiley Subscription Services, Inc., A Wiley Company 1982
John Wiley & Sons, Inc
John Wiley & Sons, Ltd
Wiley
SeriesJournal of Policy Analysis and Management
Subjects
Automobile manufacturers
Automobiles
Automotive industries
Bankruptcy
Business structures
Chrysler corporation
Consumer goods industries
Corporations
ECONOMIC POLICY
Foreign cars
Government
Government aid to business
Guaranty of loans
International loans
Loans
POLITICAL ECONOMY
TRANSPORTATION
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Summary:In 1979, the U.S. government responded to the threat that Chrysler might close its doors with a program that had almost no U.S. precedents. The policy that lay behind the program was obscure at the time and remains so. A variant of the traditional argument for the protection of infant industries offers the glimmering of a rationalization. But defining a general policy in such cases remains a task for the future.
Bibliography:ark:/67375/WNG-R4X0JG4B-T
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ArticleID:PAM4050010402
Brian M. Freeman is A private investor. He was formerly Executive Director and Secretary to the Chrysler Corporation Loan Guarantee Board, and Deputy for Corporate Finance and Special Projects to the Assistant Treasury Secretary (Domestic Finance).
Allan I. Mendelowitz is Associate Director, International Division of the General Accounting Office, formerly the representative of the General Accounting Office on the staff of the Chrysler Corporation Loan Guarantee Board.
ObjectType-Article-1
SourceType-Scholarly Journals-1
ObjectType-Feature-2
content type line 23
ISSN:0276-8739
1520-6688
DOI:10.2307/3324774