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They won??t be able to compete with imported products that are lower at cost but with the same or better quality.
Big businesses increasingly move factories in and out of different countries. This mobility gives them the power to demand that governments also lower their domestic labor and environmental standards or else the companies will lay off workers and move elsewhere...
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This mobility gives them the power to demand that governments also lower their domestic labor and environmental standards or else the companies will lay off workers and move elsewhere. The result has been called a race to the bottom.
Free trade has also encouraged the use of child labor. The International Labor Organization (ILO), an agency of the United Nations (UN), estimated in 1998 that there were at least 250 million children from the ages of 5 to 14 working for minimal wages...
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