Economics- Shirmp
A recent article that appeared in the April 2, 2007 Wall Street Journal discussed an ongoing battle over imported shrimp into the US market. The article details the ongoing plight of a former US shrimper- John Williams- who started an organization called Southern Shrimp Alliance (SSA) after growing concern that foreign shrimp producers were dumping shrimp in the US at unfairly low prices. Dumping is a practice where a firm or manufacturer sells the same good to a foreign country at a lower price, often a price below production cost, than that charged to the domestic buyer.
Dumping usually occurs in situations where producers in one country are trying to stay competitive with producers in another country but in this case, US shrimper John Williams argued that foreign shrimpers were trying to eliminate the producers in the US in order to gain a larger share of the world market. John Williams founded the Southern Shrimp Alliance (SSA) in 2002 to assist US shrimpers fight the......
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Economics- Shirmp
Economics- Shirmp. A recent article that appeared in the April 2, 2007 Wall Street
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