Economic Globalization in Protecting Domestic Products through Anti-Dumping Laws

Widiarty, Wiwik Sri (2024) Economic Globalization in Protecting Domestic Products through Anti-Dumping Laws. International Journal of Law and Politics Studies, 6 (2). pp. 1-5. ISSN 2709-0914

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Abstract

Economic globalization has opened up wider international trade opportunities. However, on the other hand, globalization also brings potential threats to domestic industry, one of which is the practice of dumping. This research aims to analyze how economic globalization influences the effectiveness of Anti-Dumping Laws in protecting domestic products. This research uses normative juridical research methods. The data collection technique in this research is a literature study. The data that has been collected is then analyzed in three stages, namely data reduction, data presentation and drawing conclusions. The research results show that economic globalization can positively and negatively impact domestic products. One effort to protect domestic products from the negative impacts of globalization is to use anti-dumping laws. This law aims to protect domestic producers from dumping practices, namely selling imported products at prices lower than the market price in their country of origin. Dumping practices can harm domestic producers and threaten the sustainability of domestic industries. With anti-dumping laws, domestic producers can be protected from dumping practices and compete fairly with imported products. However, protecting domestic products through anti-dumping laws must be carried out wisely and without harm to consumers. Therefore, there needs to be a balance between protecting domestic products and consumer interests as well as healthy international trade. | KEYWORDS Economic Globalization, Domestic Products, Anti-Dumping Law.

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