Audio available in app
Antidumping measures aim to protect domestic industries from "summary" of Modern Law of International Trade by Ajendra Srivastava
Antidumping measures are put in place to shield domestic industries from unfair competition from foreign companies. Dumping occurs when foreign producers sell their goods in the domestic market at prices lower than their normal value in their own country. This can result in significant harm to domestic industries, leading to job losses and economic instability. By imposing antidumping measures, governments aim to level the playing field and protect their domestic industries from such harmful practices. These measures can take the form of additional duties or tariffs on dumped imports, making them more expensive for consumers and less competitive in the domestic market. By increasing the cost of dumped goods, antidumping measures encourage consumers to buy from domestic...
Similar Posts
Free trade agreements promote open markets
Free trade agreements are designed to reduce barriers to trade between countries, such as tariffs and quotas, in order to promo...
Competition can foster innovation
Competition plays a crucial role in driving innovation in the economy. When firms are competing against each other in the marke...
Supply and demand determine prices in a market economy
In the world of economics, prices are not set arbitrarily or by some mysterious force. Instead, they are determined by the basi...
Compliance with trade regulations is imperative for businesses
Businesses operating in the global marketplace must adhere to a complex web of trade regulations and laws. Failure to comply wi...
Antitrust measures should prioritize consumer welfare
Antitrust measures must be aimed at enhancing consumer welfare. This principle is the cornerstone of a successful antitrust pol...
Economic ideologies shape policies and outcomes
Economic ideologies have a significant impact on the policies that governments implement and the outcomes that result from thes...
Political risk can impact a firm's operations and financial performance
Political risk is a critical factor that can significantly affect a firm's operations and financial performance. This type of r...
Economic growth leads to increases in standards of living
When an economy experiences economic growth, it means that the economy's total output of goods and services is increasing over ...
Economic policies should prioritize the wellbeing of all people, not just a select few
The core principle that should guide economic policies is the wellbeing of all individuals, rather than benefiting only a privi...
Market fluctuations
Market fluctuations, as described in the book "The Economic Consequences of Peace," refer to the unpredictable changes in suppl...