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

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  • Robert W. McGee

    (Seton Hall University)

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.

Suggested Citation

  • Robert W. McGee, 1998. "Some Ethical Issues in Trade Policy: Management Ethics versus the Law," International Trade 9805004, University Library of Munich, Germany.
    • Handle: RePEc:wpa:wuwpit:9805004
    Note: Type of Document - Word 6.0 (Mac); prepared on Macintosh; to print on LaserWriter 4/600PS; pages: 8
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    References listed on IDEAS

    as
    1. Charles Rowley & Anne Rathbone, 2013. "The political economy of antitrust," Chapters, in: Manfred Neumann & Jürgen Weigand (ed.), The International Handbook of Competition – Second Edition, chapter 6, pages 169-206, Edward Elgar Publishing.
    2. Gary Clyde Hufbauer & Jeffrey J. Schott & Kimberly Ann Elliott, 2009. "Economic Sanctions Reconsidered, 3rd Edition (paper)," Peterson Institute Press: All Books, Peterson Institute for International Economics, number 4129, October.
    3. 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, January.
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    More about this item

    Keywords

    ethics trade sanctions protectionism antidumping quotas;

    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; Personnel Economics - - Business Administration

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