There is an on-going - and often heated - debate in developing
countries on whether the WTO requirements for trade liberalization
serve the interests of these nations. Accordingly, the importance
of the instruments used to regulate trade, such as antidumping
laws, are exceedingly important. This timely work aims to examine
the use of antidumping laws as 'temporary adjustment' safety
valves. That is, domestic industries suddenly exposed to
international competition require measures to help them cope with
the new market conditions. The book is divided into six chapters:
the introductory chapter initially examines the definition of
dumping and antidumping. It then evaluates antidumping regulation
both at the national and WTO level. The second chapter reviews
current WTO antidumping law. The third and fourth chapters look at
the antidumping experience of two developing countries: Egypt and
India. The fifth chapter examines how current competition law deals
with the practice of dumping. Accordingly, the price discrimination
and predatory pricing law of both major competition law
jurisdictions, the US and EU, are examined. This chapter aims to
answer the question of whether competition law in its current form
can replace antidumping law. The work's final chapter looks at
economies of scale as barriers to effective competition.
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