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Some Ethical Issues in Trade Policy: Management Ethics versus the Law

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Author Info
Robert W. McGee (Seton Hall University)

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Abstract

There 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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Publisher Info
Paper provided by EconWPA in its series International Trade with number 9805004.

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Length: 8 pages
Date of creation: 30 May 1998
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Handle: RePEc:wpa:wuwpit:9805004

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Related research
Keywords: 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

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