Inicio > Términos > Macedonio (MK) > лојална трговија

лојална трговија

Many politicians and NGOs argue that free trade is not enough; it should also be fair. On the face of it, fairness is self-evidently a good thing. However, fairness, in trade as in beauty, lies in the eye of the beholder. Frederic Bastiat, a 19th-century French satirist, once observed that the sun offered unfair competition to candle makers. If windows could be boarded up during the day, he argued, more jobs could be created making candles. American trade unions complain that Mexicans' lower wages, say, give them an unfair advantage. Mexicans say they cannot compete fairly against more productive American counterparts. Both sides are wrong. Mexicans are paid less than Americans largely because they are, in general, less productive. There is nothing unfair about that; indeed, it helps to make trade mutually beneficial. The mutual benefits of trade also disprove the fair traders' other complaint, that free trade harms poor countries. (See comparative advantage. )

0
Agregar a Mi Glosario

Comentarios de otros usuarios

Debe iniciar sesión para participar en los debates.

Términos en las noticias

Temas relacionados

ane.red
  • 0

    Términos

  • 0

    Blosarios

  • 4

    Seguidores

Industria/ámbito: Frutas y verduras Categoría: Frutas

банана

The world's most popular fruit. The most common U.S. variety is the yellow Cavendish. They are picked green and develop better flavor when ripened off ...

Glosarios destacados

Parkinson’s Disease

Categoría: Salud   1 20 Términos

JK. Rowling

Categoría: Literatura   2 8 Términos