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International Trade Policy and European Industry - The Case of the Electronics Business (Hardcover, 2014 ed.)
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International Trade Policy and European Industry - The Case of the Electronics Business (Hardcover, 2014 ed.)
Series: Contributions to Economics
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Trade policy has played a vital role in the decline of European
electronics business. The events that resulted in the disappearance
of the European television industry, of a European and Japanese
video recorder format and of other European consumer electronics
are directly related to market structures in exporting countries
and business practices. In this book, factual business data shows
and economic models explain how restrictive trade practices result
in elimination of efficient competitors in export markets. It deals
with the memorable case how a videocassette recorder format was
established by dumping and how politics enabled it. An innovative
tariff increase for CD players was invalidated by heavy dumping,
causing closure of production in Europe. European CTV industry
succumbed under permanent dumping and a series of biases - as the
interest of a state-owned company - and serious errors making trade
instruments void and rules irreconcilable with international
agreements. Practical and theoretical examples and explanations,
some in detail, of trade rules are provided. The book sketches
events - carelessness, prejudice or special interests, arbitrary
and false application of trade instruments and fraud - resulting in
disappearance of various European electronics business segments.
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