4 ms·
> Requiring trade with countries with equivalent labor laws That's impossible IMO. A) Labor laws reflect local requirements, e.g. the agricultural / fisheries
by Mengkudulangsat 7y ago
> Requiring trade with countries with equivalent labor laws
That's impossible IMO.
A) Labor laws reflect local requirements, e.g. the agricultural / fisheries sector won't benefit from rigid work hours.
B) Labor is affected by more than laws, e.g. a weak currency affect the affordability of imports more than minimum wage.
C) Transshipment, e.g. Singapore / Vietnam makes skirting trade restrictions trivial.