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The World Bank established the MIGA to eliminate the practice of dumping.
World Bank
An international financial institution that provides loans and grants to the governments of poorer countries for the purpose of pursuing capital projects.
MIGA
The Multilateral Investment Guarantee Agency, part of the World Bank Group, that offers political risk insurance to companies investing in developing countries.
Dumping
The practice of a company selling a product in a foreign market at a price lower than its market cost or below the production cost, often to increase market share or drive out competition.
- Learn about the impediments to the enforcement of international law and the jurisdiction exercised by international legal bodies.
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Learning Objectives
- Learn about the impediments to the enforcement of international law and the jurisdiction exercised by international legal bodies.
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