This thesis presents a comprehensive analysis of dumping and the rationality of anti-dumping laws. Since national anti-dumping laws differ from country to country, the scope of this thesis is limited to the general discussion about the rationality of anti-dumping laws. As the WTO has encompassed more and more trading nations, this thesis examines core articles of the WTO Anti-Dumping Agreement.; In the end, I draw conclusions from the overall examination and suggest that anti-dumping laws should be abolished and be replaced by revised safeguard measures. These include: (1) dumping is practiced for achieving certain commercial objectives; (2) international price discrimination and prices below cost of production are common business activities; (3) the welfare effects of dumping on the importing country is not per se injurious; (4) anti-dumping laws cannot be justified on economic or non-economic rationales; (5) anti-dumping measures are politically-oriented and legalized protectionist tools; and (6) anti-dumping laws should be abolished and replaced by revised safeguard measures. (Abstract shortened by UMI.)
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