ECONOMY, ACTIVELYSHARE.COM — When you found an imported good’s price is cheaper than the local good, that means the importing country applies dumping strategy to dominate the local market. To know more please read this article.
Dumping is a detrimental international trade practice. Let’s know!
In international economic trade, dumping is a term to describe a country’s policy when selling cheaper goods abroad. One of the goals is to expand market share.
The practice of dumping itself has actually been widely known for centuries.
Definition of Dumping Policy
Dumping is a policy in which goods are exported and sold abroad at lower prices in order to dominate the targeting country’s market.