Race-to-the-bottom Argument

Race-to-the-bottom argument in Global Commerce Policy

In this regard, race-to-the-bottom argument is: expresses the fear that the need to compete with imports from countries with low labour costs and lower labour standards will reduce wages and labour conditions in the developed countries. This argument forms part of the rationale for discussions on a social clause and trade and labour standards. The entries on trade policy are here. A similar argument has been made in relation to environmental standards where it is thought that lower environmental requirements in some countries could give them a competitive advantage. See also core labour standards, social dumping, trade and environment, wage-differential argument and workers rights.[1]

Race-to-the-bottom argumentin the wold Encyclopedia

For an introductory overview on international trade policy, see this entry.

Resources

Notes and References

1. Dictionary of Trade Policy, “Race-to-the-bottom argument” entry (OAS)

See Also