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The Korean consumer electronics industry : reaction to antidumping actions (English)

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  • The Korean consumer electronics industry : reaction to antidumping actions (English)
  • Bark, Taeho
  • World Bank (WB)


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Title The Korean consumer electronics industry : reaction to antidumping actions (English)
Similar Titles
Material Type Reports
Author(English)

Bark, Taeho

Publisher

World Bank (WB)

Date 1991
Language English
File Type Link
Subject Economy < Trade

Abstract

Antidumping actions by importing countries do not protect their consumers. What protects domestic consumers is competition. It is Korean consumers who are paying for the development of the Korean electronics industry, not consumers in the countries that import Korean goods. A key element of Korea's industrial development strategy has been to maintain stringent import restrictions while promoting the development of a few large domestic firms. The author strongly stresses the need to implement progressive import liberalization policies that will allow foreign competition in the Korean market. Import policy regimes in exporting countries have played a critical role in creating an environment that makes it possible for profit-maximizing firms to follow a price-discriminating marketing strategy. Progressive liberalization will eliminate the incentive for following such a marketing strategy as monopoly profits are slowly eroded.