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:: Sunday, December 14, 2003 ::
The Case for Protectionism by Barbara Dudley
Given the desire of people of all nations to set their own standards, build their own economies, and given the great imbalance of power between multinational corporations and most developing countries (only 30 countries now have a GDP higher than that of Walmart), it is not useful or fair to punish developing countries for not controlling corporate behavior. What we want is to halt the “race to the bottom” in wages, working conditions, environmental and consumer protection. We want to insure the ability of workers in all countries to organize collectively against exploitation. We want to prevent the flight of investment to countries least able or willing to protect their workers’ rights, with the same investors then turning around and dumping their products in rich countries.
posted 4:17 PM :: reference link ::
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