Antidumping: How it Works and who Gets Hurt

Antidumping is a threat to the liberal trading system that post-World War II Western leadership struggled courageously and effectively to create. It offers a GATT-legal means to destroy the GATT system, leading to restrictions on more U.S. imports than even the Multi-Fibre Arrangement. This book presents studies of five industries whose exports have been hard hit by antidumping actions. Each of these studies avoids the legalisms and the jargon of antidumping and answers a straightforward question: was the national economic interest of either the exporting or the importing country improved by the antidumping actions that were taken? The contributors not only ask questions and present viable answers, but also provide a proposal that offers both consistence with GATT and good economics.