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Economics - International Economics / European Integration | International Trade Policy and European Industry - The Case of the Electronics Business

International Trade Policy and European Industry

The Case of the Electronics Business

van Marion, Marcel

2014, XXVI, 454 p. 37 illus., 29 illus. in color.

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  • Explains the impact of trade policy on industry development
  • Case study on trade practices in European consumer electronics business
  • Economic models explain dumping and distortion of comparative advantage
  • Practical guide for business how to conduct trade policy and avoid pitfalls​
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.

Content Level » Research

Keywords » Dumping - Electronics business - European industry - Market structures - Trade policy

Related subjects » Economic Policy - Industrial Organization - International, Foreign and Comparative Law - International Economics / European Integration

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