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| Topic: |
Business
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| Number of pages / Number of words: |
4 / 963 |
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Subsidies help domestic businesses by allowing them to compete against foreign markets in their own country and by helping them to export so that they can compete in the global trade system as well. Agricultural businesses are the most common industries that receive subsidies. Antidumping is when a country sells a product in a foreign country for less than it would sell in its own country...
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Agricultural businesses are the most common industries that receive subsidies. Antidumping is when a country sells a product in a foreign country for less than it would sell in its own country. When products are introduced to a market in this manner it will do harm to the local businesses. GATT and WTO legislation support antidumping when it can be shown that the local economy has suffered a loss (Hill, 2004)
Tariff and nontariff effect global financing operations by having an impact on whether countries will build and invest in companies in the home country...
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