Some Ethical Issues in Trade Policy: Management Ethics versus the Law
AbstractThere are a number of ethical issues in the area of international trade that affect managers. This article will address two ethical issues that have been almost totally neglected in the literature -- antidumping and sanctions. Antidumping laws are special interest legislation. Rather than protecting the general public, they are used by domestic producers to feather their own nests at the expense of the general public. Using the force of government to redistribute income in one’s own direction is prima facie unethical conduct. Economic sanctions, such as embargoes and blockades, often have a noble purpose, at least on the surface. Yet when one looks beneath the surface, one finds questionable practices and outcomes that may be viewed as unethical. The author calls for the abolition of antidumping laws and an individualistic approach to sanctions.
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Bibliographic InfoPaper provided by EconWPA in its series International Trade with number 9805004.
Length: 8 pages
Date of creation: 30 May 1998
Date of revision:
Note: Type of Document - Word 6.0 (Mac); prepared on Macintosh; to print on LaserWriter 4/600PS; pages: 8
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ethics trade sanctions protectionism antidumping quotas;
Find related papers by JEL classification:
- D3 - Microeconomics - - Distribution
- D6 - Microeconomics - - Welfare Economics
- D7 - Microeconomics - - Analysis of Collective Decision-Making
- F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
- K1 - Law and Economics - - Basic Areas of Law
- K2 - Law and Economics - - Regulation and Business Law
- L5 - Industrial Organization - - Regulation and Industrial Policy
- M1 - Business Administration and Business Economics; Marketing; Accounting - - Business Administration
This paper has been announced in the following NEP Reports:
- NEP-ALL-1998-10-02 (All new papers)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Gary Clyde Hufbauer & Jeffrey J. Schott & Kimberly Ann Elliott, 1990. "Economic Sanctions Reconsidered: 2nd Edition," Peterson Institute Press: All Books, Peterson Institute for International Economics, number 82.
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