This document discusses dumping, which refers to price discrimination between markets where a product is sold at a lower price in the importing country than in the exporting country's domestic market. It provides reasons for dumping like price discrimination and surplus stock disposal. The objectives and types of dumping are defined. The effects of dumping on importing and exporting countries are outlined, including impacts on domestic industries, consumers, employment, and trade balances. Methods to manage dumping like price undertakings and anti-dumping duties and investigations are described in detail over multiple stages.
The trade theory that first indicated importance of specialization in production and division of labor is based on the idea of theory of absolute advantage which is developed first by Adam Smith in his famous book The Wealth of Nations published in 1776.
Smith argued that it was impossible for all nations to become rich simultaneously by following mercantilism because the export of one nation is another nation’s import and instead stated that all nations would gain simultaneously if they practiced free trade and specialized in accordance with their absolute advantage. Smith also stated that the wealth of nations depends upon the goods and services available to their citizens, rather than their gold reserves. While there are possible gains from trade with absolute advantage, the gains may not be mutually beneficial. Comparative advantage focuses on the range of possible mutually beneficial exchanges.
Adam Smith argued that a country has an absolute advantage in the production of a product when it is more efficient than any other country producing it.
Countries should specialize in the production of goods for which they have an absolute advantage and then trade these goods for the goods produced by other countries
In economics, principle of absolute advantage refers to the ability of a party (an individual, or firm, or country) to produce more of a good or service than competitors, using the same amount of resources.
The trade theory that first indicated importance of specialization in production and division of labor is based on the idea of theory of absolute advantage which is developed first by Adam Smith in his famous book The Wealth of Nations published in 1776.
Smith argued that it was impossible for all nations to become rich simultaneously by following mercantilism because the export of one nation is another nation’s import and instead stated that all nations would gain simultaneously if they practiced free trade and specialized in accordance with their absolute advantage. Smith also stated that the wealth of nations depends upon the goods and services available to their citizens, rather than their gold reserves. While there are possible gains from trade with absolute advantage, the gains may not be mutually beneficial. Comparative advantage focuses on the range of possible mutually beneficial exchanges.
Adam Smith argued that a country has an absolute advantage in the production of a product when it is more efficient than any other country producing it.
Countries should specialize in the production of goods for which they have an absolute advantage and then trade these goods for the goods produced by other countries
In economics, principle of absolute advantage refers to the ability of a party (an individual, or firm, or country) to produce more of a good or service than competitors, using the same amount of resources.
Impact of Business on the Community: Efficiency in Perfectly Competitive MarketsBobbyPabores1
Governor Felicisimo T. San Luis National Agro-Industrial HS Empowerment Technology Impact of Business on the Community:
Efficiency in Perfectly Competitive Markets
and Impact of Business on the Community:
Market Failure
This material is for PGPSE / CSE students of AFTERSCHOOOL. PGPSE / CSE are free online programme - open for all - free for all - to promote entrepreneurship and social entrepreneurship PGPSE is for those who want to transform the world. It is different from MBA, BBA, CFA, CA,CS,ICWA and other traditional programmes. It is based on self certification and based on self learning and guidance by mentors. It is for those who want to be entrepreneurs and social changers. Let us work together. Our basic idea is that KNOWLEDGE IS FREE & AND SHARE IT WITH THE WORLD
any place where persons and merchandise are allowed to pass, by water or land, into and out of a country and where customs officers are stationed to inspect or appraise imported goods.
The development of ports leads to more economic activities in the city as well as the country. It also helps in increasing the trade flow between nations, also benefiting other sectors such as logistics, etc.
Impact of taxation on cross border investment Isha Joshi
Consequent to the implemented economic liberalisation in India during the 1990s, substantial international investment activity began within the Indian capital markets and through corporate vehicles with an increasingly vibrant fervour. In fact, today, Foreign Institutional Investors (FIIs) play a crucial role in the liquidity, growth and vitality seen in Indian capital markets. Simultaneously, along with increasing FII activity, as a result of the favourable economic and political climate, India also witnessed an increasing quantum of Foreign Domestic Investment (FDI).
The regulation of these investment channels and instruments was at the front and centre of economic policy debate, a part of which revolves around taxation. There is undoubtedly a proximate and intelligible nexus between taxation and the employment of these investment tools. A taxation regime that is favourable can work in effectively attracting more international investment which in turn would enhance market liquidity, activity, and growth.1 While FIIs and FDIs may appear to be similar investment channels, for the most part, they serve entirely different objectives, and operate in substantially different manners and are subject to different regulatory regimes in terms of exchange, economic and taxation policy.
In the coming sections of this paper, the authors have attempted to analyse several aspects of FII and FDI taxation in India. The first section delineates the differences in FIIs and FDIs, their market strategy, modus operandi, and objectives, while ascertaining what exactly these investment channels imply and the various investment vehicles that may be employed by foreign actors.
The subsequent section of the paper outlines the tax regime applicable to such FDIs and FIIs, depending on the organisational scheme and objective of the business vehicle so employed for the investment.
Given that FIIs and FDIs essentially involve a foreign element, the question of double taxation is one which necessarily requires to be addressed. To that end, in the third section of this paper, the authors have looked at Double Taxation Avoidance Agreements (DTAAs) (Tax Treaties) in the context of FIIs and FDIs.
The expectancy theory was proposed by Victor Vroom of Yale School of Management in 1964. Vroom stresses and focuses on outcomes, and not on needs unlike Maslow and Herzberg. The theory states that the intensity of a tendency to perform in a particular manner is dependent on the intensity of an expectation that the performance will be followed by a definite outcome and on the appeal of the outcome to the individual.
The Expectancy theory states that employee’s motivation is an outcome of how much an individual wants a reward (Valence), the assessment that the likelihood that the effort will lead to expected performance (Expectancy) and the belief that the performance will lead to reward (Instrumentality). In short, Valence is the significance associated by an individual about the expected outcome. It is an expected and not the actual satisfaction that an employee expects to receive after achieving the goals. Expectancy is the faith that better efforts will result in better performance. Expectancy is influenced by factors such as possession of appropriate skills for performing the job, availability of right resources, availability of crucial information and getting the required support for completing the job.
Instrumentality is the faith that if you perform well, then a valid outcome will be there. Instrumentality is affected by factors such as believe in the people who decide who receives what outcome, the simplicity of the process deciding who gets what outcome, and clarity of relationship between performance and outcomes. Thus, the expectancy theory concentrates on the following three relationships:
• Effort-performance relationship: What is the likelihood that the individual’s effort be recognized in his performance appraisal?
• Performance-reward relationship: It talks about the extent to which the employee believes that getting a good performance appraisal leads to organizational rewards.
• Rewards-personal goals relationship: It is all about the attractiveness or appeal of the potential reward to the individual.
Vroom was of view that employees consciously decide whether to perform or not at the job. This decision solely depended on the employee’s motivation level which in turn depends on three factors of expectancy, valence and instrumentality.
Personality determinants & attributesIsha Joshi
The term ‘personality’ is derived from the Latin word ‘persona’ which means a mask. According to K. Young, “Personality is a …. patterned body of habits, traits, attitudes and ideas of an individual, as these are organised externally into roles and statuses, and as they relate internally to motivation, goals, and various aspects of selfhood.” G. W. Allport defined it as “a person’s pattern of habits, attitudes, and traits which determine his adjustment to his environment.”
According to Robert E. Park and Earnest W. Burgess, personality is “the sum and organisation of those traits which determine the role of the individual in the group.” Herbert A. Bloch defined it as “the characteristic organisation of the individual’s habits, attitudes, values, emotional characteristics……. which imparts consistency to the behaviour of the individual.” According to Arnold W. Green, “personality is the sum of a person’s values (the objects of his striving, such as ideas, prestige, power and sex) plus his non- physical traits (his habitual ways of acting and reacting).” According to Linton, personality embraces the total “organised aggregate of psychological processes and status pertaining to the individual.”
In 1959, Frederick Herzberg, a behavioural scientist proposed a two-factor theory or the motivator-hygiene theory. According to Herzberg, there are some job factors that result in satisfaction while there are other job factors that prevent dissatisfaction. According to Herzberg, the opposite of “Satisfaction” is “No satisfaction” and the opposite of “Dissatisfaction” is “No Dissatisfaction”.
Erikson’s (1959) theory of psychosocial development has eight distinct stages. Like Freud, Erikson assumes that a crisis occurs at each stage of development. For Erikson (1963), these crises are of a psychosocial nature because they involve psychological needs of the individual (i.e. psycho) conflicting with the needs of society (i.e. social).
According to the theory, successful completion of each stage results in a healthy personality and the acquisition of basic virtues. Basic virtues are characteristic strengths which the ego can use to resolve subsequent crises.
Failure to successfully complete a stage can result in a reduced ability to complete further stages and therefore a more unhealthy personality and sense of self. These stages, however, can be resolved successfully at a later time.
Clayton P. Alderfer's ERG theory from 1969 condenses Maslow's five human needs into three categories: Existence, Relatedness and Growth.
1. Existence Needs
Include all material and physiological desires (e.g., food, water, air, clothing, safety, physical love and affection). Maslow's first two levels.
2. Relatedness Needs
Encompass social and external esteem; relationships with significant others like family, friends, co-workers and employers . This also means to be recognized and feel secure as part of a group or family. Maslow's third and fourth levels.
3. Growth Needs
Internal esteem and self actualization; these impel a person to make creative or productive effects on himself and the environment (e.g., to progress toward one's ideal self). Maslow's fourth and fifth levels. This includes desires to be creative and productive, and to complete meaningful tasks.
Devaluation vs quantitaative restrictionsIsha Joshi
Devaluation is the official reduction in a country's currency by its government. The difference between devaluation and depreciation is that devaluation is done by the country's government whereas, depreciation happens due to market forces.
A Strategic Approach: GenAI in EducationPeter Windle
Artificial Intelligence (AI) technologies such as Generative AI, Image Generators and Large Language Models have had a dramatic impact on teaching, learning and assessment over the past 18 months. The most immediate threat AI posed was to Academic Integrity with Higher Education Institutes (HEIs) focusing their efforts on combating the use of GenAI in assessment. Guidelines were developed for staff and students, policies put in place too. Innovative educators have forged paths in the use of Generative AI for teaching, learning and assessments leading to pockets of transformation springing up across HEIs, often with little or no top-down guidance, support or direction.
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Macroeconomics- Movie Location
This will be used as part of your Personal Professional Portfolio once graded.
Objective:
Prepare a presentation or a paper using research, basic comparative analysis, data organization and application of economic information. You will make an informed assessment of an economic climate outside of the United States to accomplish an entertainment industry objective.
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This presentation provides a briefing on how to upload submissions and documents in Google Classroom. It was prepared as part of an orientation for new Sainik School in-service teacher trainees. As a training officer, my goal is to ensure that you are comfortable and proficient with this essential tool for managing assignments and fostering student engagement.
Biological screening of herbal drugs: Introduction and Need for
Phyto-Pharmacological Screening, New Strategies for evaluating
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1. DUMPING
Guided By ~ Presented By ~ Prof.
Raksha Thakur Isha Joshi
(BFT – VI sem)
2. Meaning of Dumping
Dumping is a situation of price discrimination, where the price
of a product when sold to the importing country is less than
the price of the same product sold in the market of the
exporting country.
Dumping is price discrimination between two markets in which
the monopolist sells a portion of his produced product at a low
price and the remaining part at a high price in the domestic
market.
Isha Joshi
3. Why does Dumping take place?
Price discrimination: The first reason of dumping is price discrimination. If
a firm has monopoly of a good in home market, but faces strong competition
in foreign market, the firm will naturally charge a higher price in home market
and lower competitive price in foreign market.
Predatory pricing: The second major reason is predatory pricing. It is the
practice of cutting prices of goods in an attempt to drive rival firms out of
business.
Surplus stock: A firm may resort to dumping to dispose off surplus stock.
Isha Joshi
4. Objectives of Dumping
1)To find a place in the foreign market
2)To sell surplus commodity
3)Expansion of industry
4)New trade relations
Isha Joshi
7. Effects on Importing Country
If a producer dumps his commodity abroad for a short period, then the
industry of the importing country is affected for a short while. Due to the low
price of the dumped commodity, the industry of that country has to incur a
loss for some time because less quantity of its commodity is sold.
Dumping is harmful for the importing country if it continues for a long
period. This is because it takes time for changing production in the importing
country and its domestic industry is not able to bear competition. But when
cheap imports stop or dumping does not exist, it becomes difficult to
change the production again.
Isha Joshi
8. If the dumped commodity is a consumer good, the demand of the
people in the importing country will change for the cheap goods. When
dumping stops, this demand will reverse, thereby changing the tastes of
the people which will be harmful for the economy.
If the monopolist dumps the commodity for removing his competitors
from the foreign market, the importing country gets the benefit of cheap
commodity in the beginning. But after competition ends and he sells the
same commodity at a high monopoly price, the importing country incurs a
loss because now it has to pay a high price.
Isha Joshi
9. Effects on Exporting Country
When domestic consumers have to buy the monopolistic commodity at a high price
through dumping, there is loss in their consumers’ surplus. But if a monopolist
produces more commodities in order to dump it in another country, consumers benefit.
This is because with more production of the commodity, the marginal cost falls. As a
result, the price of the commodity will be less than the monopoly price without
dumping.
The exporting country also benefits from dumping when the monopolist produces
more commodity. Consequently, the demand for the required inputs such as raw
materials, etc. for the production of that commodity increases, thereby expanding the
means of employment in the country.
Isha Joshi
10. The exporting country earns foreign currency by
selling its commodity in large quantity in the foreign
market through dumping. As a result, its balance of
trade improves.
Isha Joshi
12. Price Undertaking
Undertaking by an exporter to raise the export
price of the product to avoid the possibility of an
anti-dumping duty.
Isha Joshi
13. Anti - Dumping
It is a measure to rectify the situation arising out of the dumping of goods
and its trade distortive effect.
Re-establish fair trade.
The use of anti dumping measure as an instrument of fair competition is
permitted by the WTO.
It provides relief to the domestic industry against the injury caused by
dumping.
Isha Joshi
14. Imposition of Anti – Dumping Duty
If there is dumping but no injury then no duty can be imposed.
Duty remains in force for 5 years.
Re-determination at a “sunset review”.
Yearly administrative reviews if requested by domestic industry or exporter.
Isha Joshi
15. Essentials for initiating Anti – Dumping
Investigation
Sufficient evidence to the effect that –
there is dumping
there is injury to the domestic industry; and
there is a causal link between the dumping and the
injury, that is to say, that the dumped imports have
caused the alleged injury.
Isha Joshi
16. Period of Investigation
Should not be less than six months and not more than eighteen months.
The most desirable period of investigation is a financial year. (period
should be as representative as possible)
For the purposes of injury analysis, the domestic industry has to furnish the
relevant data for the past three years.
Isha Joshi
17. Stages of the Investigation Process
Preliminary Screening
Initiation
Access to Information
Preliminary Findings
Provisional Duty
Disclosure of Information
Final Findings
Isha Joshi
18. Preliminary Screening
The application is scrutinized to ensure that it is fully
documented
provides sufficient evidence for initiating an investigation.
If evidence not adequate, then a deficiency letter is issued.
Till then cannot be considered as application pending before
authority.
Isha Joshi
19. Initiation
Designated Authority determines that the application has been
made by or on behalf of the Domestic Industry.
It also examines the accuracy and adequacy of the evidence
provided
The Initiation notice will be issued normally within 5 days from
the date of receipt of a properly documented application.
Isha Joshi
20. Access to Information
The Authority provides access to the non-confidential
evidence available for inspection to all interested
parties on request after receipt of the responses.
Isha Joshi
21. Preliminary Findings
The Designated Authority will proceed expeditiously
with the conduct of the investigation
It makes a preliminary finding containing the detailed
information on the main reasons behind the
determination.
Isha Joshi
22. Provisional Duty
A provisional duty not exceeding the margin of dumping may
be imposed by the Central Government on the basis of the
preliminary finding
Can be imposed only after the expiry of 60 days from the date
of initiation of investigation.
The provisional duty will remain in force only for a period not
exceeding 6 months, extendable to 9 months under certain
circumstances.
Isha Joshi
23. Disclosure of Information
Based on these submissions and evidence gathered
the Authority will determine the basis of its final
findings.
The Designated Authority will inform all interested
parties of the essential facts, which form the basis for
its decision before the final finding is made.
Isha Joshi
24. Final Findings
The interested parties submit their response to the
disclosure and
The Authority examines these final submissions of
the parties and comes out with final findings.
Isha Joshi