Seem to be dumping often is simply the principle of comparative advantage at work. If abused, the

Antidumping law can increase the price of imports and restrict competition in the domestic mark

et. This reduced competition allows domestic firms to raise prices at consumers’ expense. Where

Dumping occurs and is shown to injure domestic firms, the government should impose tariffs called

“antidumping duties” on the dumped goods.

However, a number of factors explain the new pressures for protection.

The matter is that in the late 1970s and in the 1980s rates of labour productivity growth in Japan

And much of Western Europe exceeded those of the United States. The result was lower unit labour

≪nos and lower relative prices for imported goods.

Competition from a number of the so-called “newly industrialized countries” such as Korea,

Taiwan, Hong Kong, and Singapore is also asserting itself.

Finally, in the past several years American imports have greatly exceeded American exports.

Rising imports tend to have a negative impact upon production and employment in those American

Industries which directly compete with imported products. The industries and workers adver

Sely affected seek government help in the form of trade barriers.

Terminological Vocabulary to Text 4.4. Try to memorize it

Tariffs — пошлины (тарифы)

Excise tax — акцизный налог