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

1. Dictionary of Trade Policy, “Equitable competition” entry (OAS)

See Also