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There are many economies in the world which are export oriented. For example, for Hong Kong and Luxemburg product and service exports contribute to over 200 per cent of their GDP (Wee, 2017). With rapid globalization, countries are becoming increasingly dependent on each other. Hence economy of a country at one corner of the world is vulnerable to even miniscule changes at another corner. Product dumping is one such practice that has a potential to impact many industries in another country.
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