Definition of dumping:
It is the case of selling goods in foreign markets at prices less than their production costs or less than the prices set for similar goods inside the producing country.
Types of dumping:
external ———- For a country to dump the markets of another country by exporting its goods to it at prices less than its production costs, and it is the most famous type of dumping.
internal ———- It is when a company puts its goods on the market at a price less than its production costs to drive out local competitors “Let the market breathe artificially and smash the bones of the competitors.”
Temporary ——– It is the dumping that countries resort to when they are going through unfavourable economic conditions such as recessions or economic crises, as did the countries of Southeast Asia.
The largest flooded countries
China