Bounty
Bounty: a subsidy available to domestic producers, usually to help an ailing industry. It can be aimed at bridging the gap between domestic and imported prices of a manufacture (e.g. shipbuilding), or the use of a specified input in a production process (i.e. superphosphate for agriculture). Many prefer bounties to tariffs as a method for supprting or protecting industries because the amount paid, and therefore the cost to other industries and consumers, is clearly evident. Budgetary pressures are likely to keep bounties in check. Another argument is that bounties can be targeted more accurately, and they do not become a charge on inputs to other industries except through the general taxation system. See also protection and subsidies.
Source: http://ctrc.sice.oas.org/trc/WTO/Documents/Dictionary%20of%20trade%20%20policy%20terms.pdf
Web site to visit: http://ctrc.sice.oas.org
Author of the text: W. Goode
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