International Journal of Humanities and Social Science

ISSN 2220-8488 (Print), 2221-0989 (Online) 10.30845/ijhss

Analysis of Dumping as a Major Cause of Import and Export Crises
Timothy A. Falade Obalade

Dumping as one of the unfair trade practices that some countries in the world undertake has become an important issue which has come into focus; specifically over the past two decades. The essence of traditional militarism – as was clearly known and experienced more than 50 years ago in World War I, World War II and the cold war eras – is no longer the means through which countries proclaim their supremacy over others. The resultant by-products of globalization and free trade mechanisms are such that countries around the world are engaging in a different but more sophisticated kind of wars; and dumping is one of its weapons. We attempt in this research paper to shed some light on dumping as the “trade weapon of choice” adopted by many countries and to show that this practice is increasingly contributing to the wide economic gap between rich and poor countries and this have had many dire consequences on the developing Economies.

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