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Trade Liberalization

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Assertions of Trade liberalization that creates and encouraging of trade in products that create global pollution havens.

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This answer provides you an excellent discussion on Trade Liberalization. The expert determines how to encourage trade in products that create global pollution havens. References are provided to aid in the understanding of the solution.

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Assertions on Trade Liberalization

Assertions of Trade liberalization that creates and encouraging of trade in products that create global pollution havens

Trade liberalization leads to increase in international trade. However, there are varying standards of pollution control in different countries. The economically deprived countries lift their pollution controls and lower pollution standards so that foreign investment is encouraged. The countries actively compete for foreign direct investment leading to a race to the bottom. The quality of air, the quality of water and the quality of life is compromised in these countries.
One of the glaring examples is of the Southern countries that have out-competed each other in lifting sulfur and carbon pollutant standards. ...

Solution provided by:
Hatim Baxamusa, MBA
Education
  • BSc , University of Calcutta
  • MBA, Eastern Institute for Integrated Learning in Management
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