Dumping is: Definition, Purpose and Types
Dumping is: Definition, Purpose and Types – In this discussion, we will explain dumping. Which includes the meaning, purpose and types of dumping with a complete and easy-to-understand discussion.
Dumping is: Definition, Purpose and Types
For more details, please see the review below carefully.
Definition of Dumping
Dumping is setting the export price of an item which is lower than the selling price of the same product in the country or the normal value for the purpose of increasing market share. Dumping can also be called one of the frauds in international trade.
Understanding Dumping According to Experts
Below is the definition of dumping according to experts.
1. Dictionary of Economic Law
The definition of dumping according to the Dictionary of Economic Law is a trade practice by which exporters are sold at low prices (less than the market price). reasonable) in the international market on the other hand the price of the same product sold in his own country is higher or in third party countries other. This is certainly detrimental to competitors in countries where dumping practices are carried out by exporters.
2. Muhammad Ashri
The definition of dumping according to Muhammad Ashri is a form of unfair trade competition, namely in the form of price discrimination. In other words, products offered in other countries' markets are priced below the normal price or the selling price in other countries (third parties).
3. Complete Dictionary of International Trade
The definition of dumping according to the Complete Dictionary of International Trade is a commodity in foreign markets where the price level tends to be higher lower than the fair market value or a price level that is considered lower than the price level in the market of their own region or country third.
4. KBBI (W.J.S. Poerwadar Minta)
The definition of dumping according to KBBI (W.J.S. Poerwadar Minta) is selling goods abroad at a cheaper price than at home.
5. P. Yudha Pratama and Rosita
Definition of Dumping according to P. Yudha Pratama and Rosita are economic politics carried out by a country to sell its products in Indonesia abroad at a lower price than domestic sales, with the aim of dominating the foreign market country.
6. Black Law Dictionary
The definition of dumping according to the Black Law Dictionary is In commercial usage, the act of selling in quantity at very low price or practically regard less of the price, also selling (surplus) goods abroad at less than the market price at home.
Dumping Purpose
The purpose of dumping leads to politics to gain the maximum profit by discriminating against prices, namely by selling or exporting products to other countries by setting prices that are cheap or lower than the prices sold in the exporting country or countries other.
Dumping Types
In general, the practice of dumping in international trade is divided into three types, including:
1. Sporadic Dumping
Sporadic dumping is dumping that is sporadic in nature. Dumping is carried out by selling goods abroad in a fast/short time. The purpose of sporadic dumping is to prevent goods from accumulating in the domestic market because excess production at factories causes them to be exported at low prices. This of course will lead to price discrimination at certain times by producers who are only able to sell excess products abroad.
2. Persistent Dumping
Persistent dumping is dumping sales that are carried out continuously and permanently. This type of dumping is also known as international price discrimination. Dumping is carried out by goods producers who have a domestic monopolistic market with the aim of maximizing profits from selling goods that are higher in their domestic market. This dumping can take a long time because there are market differences between importing and exporting countries.
3. Predatory Dumping
Predatory dumping has the aim of crippling competitors. After the competitor collapses, the dumping actor will raise the price of his goods according to his will. In this way, trade can be monopolized and limit competitors in the long term even though previously incurring short-term losses.
Moderately according Robert WIllig, judging from the purpose of dumping is divided into:
1. Market Expansion Dumping
Profits are obtained from exporting companies by setting a lower mark-up in the market Imports are due to face a greater elasticity of demand as long as the price supplied is low.
2. Cyclical Dumping
Cyclical dumping arises due to unclear or low marginal costs. It could be the reason is the cost of production coupled with the circumstances of excess production capacity separate from the manufacture of related products.
3. State Trading Dumping
State trading dumping arises because it is almost the same as other dumping actions, but it is more prominent in monetary acquisitions.
4. Strategic Dumping
This type of dumping indicates exports that are detrimental to rival companies in the importing country. This can be done with a strategy of cutting export prices and limiting the same product to the exporting country's market.
Thus has been explained about Dumping is: Definition, Purpose and Types, hopefully can add to your insight and knowledge. Thank you for visiting and don't forget to read other articles.
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