Equitable Competition
Equitable competition in Global Commerce Policy
In this regard, equitable competition is: a concept based on the assumption that there ought to be some degree of international harmonization of labour, environmental and other standards seen to affect the cost of production to achieve a framework in which firms compete on more equal terms. The wisdom underlying this concept is that countries permitting inadequate standards give their firms a cost advantage which translates into enhanced international competitiveness for them. See also fair competition, level playing field, social clause, trade and labour standards and trade and the environment.[1]
Equitable competitionin the wold Encyclopedia
For an introductory overview on international trade policy, see this entry.
Resources
Notes and References
- Dictionary of Trade Policy, “Equitable competition” entry (OAS)
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