„Unfair Trade Practice“

What does Unfair Trade Practice stand for?

Unusual government support to firms, ranging from export subsidies to anti- competitive practices by the firms themselves, such as dumping, boycotts or discriminatory shipping arrangements, that result in competitive advantages in international trade for the benefitting firms.

Source:

Krugman, P.R., Obstfeld, M., Melitz, M. J. (2015). “International Economics: Theory & Policy”. Pearson. pp. 228-235.

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