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Dumping - One of Those Economic Myths

Author

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  • Kerr, William A.

Abstract

Dumping is one of the most poorly understood and contentious issues in trade policy. The primary reason is that the agreed definitions of dumping are not based on a solid economic foundation. This allows antidumping measures to be used for protectionist ends and to harass trade partners. While putting antidumping measures on a sounder economic foundation in international law may be difficult given their popularity with politicians, no progress can be made until economists provide a theoretically sustainable definition of dumping and devise a set of transparent criteria for determining if dumping is occurring. This paper explains the difficulties with the current definitions of dumping and outlines an agenda for future progress.

Suggested Citation

  • Kerr, William A., 2001. "Dumping - One of Those Economic Myths," Estey Centre Journal of International Law and Trade Policy, Estey Centre for Law and Economics in International Trade, vol. 2(2).
  • Handle: RePEc:ags:ecjilt:23876
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    File URL: http://purl.umn.edu/23876
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    Cited by:

    1. Goodloe, Carol, 2004. "Trading Remedies To Remedy Trade: The Nafta Experience; Discussion," Keeping the Borders Open; Proceedings of the 8th Agricultural and Food Policy Systems Information Workshop - 2002 16927, Farm Foundation, Agricultural and Food Policy Systems Information Workshops.
    2. Sangeeta Khorana & Nicholas Perdikis & May T. Yeung & William A. Kerr, 2010. "Bilateral Trade Agreements in the Era of Globalization," Books, Edward Elgar Publishing, number 13719.

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