Browsing: Dumping

While dumping enables consumers to goods affordably in the importing country, it more often than not destroys the local market by killing off industrial development of the importing country. This results in business closure and layoffs.
Ig there is anything that Africa should gain from the Covid-19 pandemic, it should be the ability to create its own solutions to its market needs. As we have seen with the vaccines apartheid, Africa can only grow if it puts in place measures to address its most immediate needs even as it builds value chains for posterity.
The pandemic shows that times are changing and it is important that Africa changes its stance on used items from western nations. Africa should stop being the world’s dumpster by saying no to these imports.…