Wages and Bottlenecks: Free Trade, Ethics, and Information: Reconciling International Trade with National Ethical Standards

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Wages and Bottlenecks: Free Trade, Ethics, and Information: Reconciling International Trade with National Ethical Standards

In: Proceedings of the Conference on Globalization and Its Discontents

Author Info

Joshua Frank (State University of New York at Cortland)

Abstract

Increasing globalization and free trade agreements have generated a number of controversies. One significant issue is the potential conflict between free trade and ethical standards. While free trade in theory need not be antithetical to ethical standards, as defined in practice by major trade organizations free trade conflicts with national ethical standards for issues such as labor standards, environmental impact, and animal welfare. The concerns of trade organizations on this issue have some merit. However, the one-sided position of trade organizations is both flawed and politically unsustainable. A balance must be achieved between legitimate ethical issues and minimizing trade barriers. Guidelines or principles are presented for how trade organizations can balance legitimate ethical issues against free trade considerations. In addition, it is argued that the provision of information valued by consumers should be allowed as a matter of general principle. In fact, the rather than information provision being a trade barrier, the prohibition of information provision is in fact a trade barrier.

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This chapter was published in: Joshua Frank Proceedings of the Conference on Globalization and Its Discontents, , pages 53-63, 2007.

This item is provided by Izmir University of Economics in its series Papers of the Annual IUE-SUNY Cortland Conference in Economics with number 200704.

Handle: RePEc:izm:prcdng:200704

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Related research
This chapter was published in the following book, which is listed on IDEAS:
Oguz Esen & Ayla Ogus (ed.), 2007. "Proceedings of the International Conference on Globalization and Its Discontents," Proceedings of the IUE-SUNY Cortland Conference in Economics, Izmir University of Economics, number 2007, November. [Downloadable!]
Keywords: globalization; free trade agreements; ethical standards; ethics;

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

Caswell, Julie A. & Mojduszka, Eliza M., 1996. "Using Informational Labeling To Influence The Market For Quality In Food Products," Working Papers 25989, Regional Research Project NE-165 Private Strategies, Public Policies, and Food System Performance. [Downloadable!]
Teisl, Mario F. & Roe, Brian & Hicks, Robert L., 2002. "Can Eco-Labels Tune a Market? Evidence from Dolphin-Safe Labeling," Journal of Environmental Economics and Management, Elsevier, vol. 43(3), pages 339-359, May. [Downloadable!] (restricted)
Grether, David M. & Wilde, Louis L., 1983. "Consumer choice and information : New experimental evidence," Information Economics and Policy, Elsevier, vol. 1(2), pages 115-144. [Downloadable!] (restricted)
Jacoby, Jacob & Speller, Donald E & Berning, Carol A Kohn, 1974. " Brand Choice Behavior as a Function of Information Load: Replication and Extension," Journal of Consumer Research: An Interdisciplinary Quarterly, University of Chicago Press, vol. 1(1), pages 33-42, June.
Giannakas, Konstantinos & Fulton, Murray, 2002. "Consumption effects of genetic modification: what if consumers are right?," Agricultural Economics, Blackwell, vol. 27(2), pages 97-109, August. [Downloadable!] (restricted)

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