Countries compete with each other for the highest profits by cutting living standards and wages for workers, thereby moving the production of goods to the country where wages are the lowest and workers have the fewest rights.
The logic is on spot. Could be developed a little more by talking about the implications of this dynamic.
Implications include the decline of human rights and freedoms. Since states are trying to bring revenue and jobs into their borders, they will lower the working standards and wages as far as they possibly can, solely to receive the production jobs.
The implications of this are the decline of human rights and civil liberties. Since the states want to bring in revenue and jobs into their country, they will reduce working conditions and wages as much as possible in order to secure the production jobs, and in turn, the profit.
Combined, this is a 4.
In the face of competition for the highest profits, countries are willing to disregard regulations and lower living standards and wages for workers in order to be the most appealing location for investment. Such action results in a decline of human rights and civil liberties since countries are more interested in turning a profit than ensuring individual wellbeing.
Countries compete with each other for the highest profits by cutting living standards and wages for workers, thereby moving the production of goods to the country where wages are the lowest and workers have the fewest rights.
The logic is on spot. Could be developed a little more by talking about the implications of this dynamic.
Implications include the decline of human rights and freedoms. Since states are trying to bring revenue and jobs into their borders, they will lower the working standards and wages as far as they possibly can, solely to receive the production jobs.
The implications of this are the decline of human rights and civil liberties. Since the states want to bring in revenue and jobs into their country, they will reduce working conditions and wages as much as possible in order to secure the production jobs, and in turn, the profit.
Combined, this is a 4.
In the face of competition for the highest profits, countries are willing to disregard regulations and lower living standards and wages for workers in order to be the most appealing location for investment. Such action results in a decline of human rights and civil liberties since countries are more interested in turning a profit than ensuring individual wellbeing.