Cheap labour - reason for protection, Managerial Economics

Cheap Labour 

It is often argued that the economy must be protected from imports which are produced with cheap, or 'sweated", labour.  Some people argue that buying foreign imports from low wage countries amounts not only to unfair competition, but continues to encourage the exploitation of cheap labour in those countries as well as undermining the standard of living of those in high wage economies.

Posted Date: 11/30/2012 4:56:55 AM | Location : United States







Related Discussions:- Cheap labour - reason for protection, Assignment Help, Ask Question on Cheap labour - reason for protection, Get Answer, Expert's Help, Cheap labour - reason for protection Discussions

Write discussion on Cheap labour - reason for protection
Your posts are moderated
Related Questions
REALISM OF PERFECT COMPETITION The assumptions of perfect competition are obviously at variance with the conditions which actually exist in real world markets.  Some market

CAPITAL MARKETS Markets in which financial resources (money, bonds, stocks) are traded i.e. the provision of longer term finance - anything from bank loans to investment in pe

explain baumol''s sales maximisation model in detail

Q. Illustrate about Pecuniary economies? Pecuniary economies (which is monetary economies) are those economies accrued by the firm from paying lower prices for the factors used

Hi Could you please help me with " Ramsey pricing in detail " as I have an assignment.

OBJECTIVES OF CREDIT CONTROL The old objective of controlling credit creation by the commercial banks in the country was dictated by considerations of maintaining stability of

Topic:  Company Case Study and Industry Analysis   Instruction:  1) choose a company;                     2) recognize the market industry type;                     3)

Real Rigidities in the Goods Market   The most important factor associated with real rigidity in  the goods market  is the existence of  imperfect  competition.  Imperfect comp

What is optimal output rule? Optimal output rule: According to the optimal output rule, describe that profit is maximized through producing the quantity of output at that th

Illustrate the application of economic theory to some business problems