Anti-dumping cases are on the rise internationally and are becoming a major weapon in the protectionist arsenal. The definitions of dumping, however, are not based on theoretically sound economic reasoning meaning firms are often falsely accused of engaging in unfair pricing practices when exporting. The historic bases of the current definitions are outlined and their theoretical deficiencies fully explained. Suggestions are made regarding how the definition of dumping used in international law couldhe put on a sound economic basis.
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