Antidumping: The Third Rail of Trade Policy
The July/August issue of Foreign Affairs contains an excellent article entitled "Antidumping: The Third Rail of Trade Policy" by Professor N. Gregory Mankiw and Phillip L. Swagel. The article states that "antidumping policy has strayed far from its original purpose of guarding against predatory foreign firms" and it is "now little more than an excuse for a few powerful industries to shield themselves from competition -- at great cost to both American consumers and American business." The article suggests that a better way to protect industries to increased competition would be through the increased use of temporary "safeguard" measures.
The July/August issue also contains an article by China expert Neil C. Hughes entitled "A Trade War with China?"
These articles can be viewed at the following link (subscription required):
www.foreignaffairs.org/current/
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