What are the effects of international trade on labor rights? 🔊
International trade can significantly affect labor rights by altering working conditions and employment standards. On one hand, trade can promote economic growth and job creation in developing countries, potentially leading to better labor practices. However, it can also result in exploitation and employee abuse when companies seek to minimize costs in nations with less stringent labor laws. Furthermore, the competition from imported goods may pressure local businesses to cut wages or reduce compliance with labor rights. Therefore, the implications of trade on labor rights are complex and context-dependent.
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