Asked by Sheridan Blanco on May 25, 2024
Verified
To avoid social dumping, the U.S. and Europe are forcing other countries to adopt principles of fair trade.
Social Dumping
The practice of employers or countries exploiting cheaper labor or lower environmental standards in one region over another, often leading to job loss and lowered labor conditions in higher-cost areas.
Fair Trade
An ethical trading approach that aims to achieve better trading conditions and promote sustainability for producers and workers in developing countries.
- Understand the international efforts towards fair trade, the World Trade Organization's role, and the debates surrounding labor and environmental standards in trade agreements.
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Learning Objectives
- Understand the international efforts towards fair trade, the World Trade Organization's role, and the debates surrounding labor and environmental standards in trade agreements.
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