Trade liberalization and environmental standards
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Robert Carbaugh once stated that:
Trade liberalization leads to a "race to the bottom" in environmental standards.
What is the argument for and against this?
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Solution Summary
Trade liberalization leads to a "race to the bottom" in environmental standards. What is the argument for and against this?
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Argument in favor of this:
Trade liberalization leads to a race to the bottom in environmental standards because the increasing global foray of multinational companies have led to significant erosion of natural resources. These companies are only looking at ...
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