Economic Effect Of Toy Recalls Minimal: Study

Law360, New York (February 25, 2008, 12:00 AM EST) -- Despite 2007's surge in product recalls of goods imported from China, and the dramatic news stories that accompanied them, the net economic effect on some of the companies involved has been insignificant, according to a new study.

National Economic Research Associates released its paper analyzing the “Year of China Recalls” on Thursday. NERA Senior Vice President Lucy P. Allen and senior consultants, Dr. Renzo Comolli and Dr. Simona Heumann, investigated trends in the recalls and the costs associated with them.

The study found that for some...
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