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Several major trade agreements in recent years have included a provision that addresses labor standards. Other trade agreements that are now in the discussion stage are considering incorporating labor standards as an integral part of the final agreement. The goals of such agreements are noble -...
Persistent link: https://www.econbiz.de/10014084844
This study asked ChatGPT to write a 1000-word essay explaining why the concept of ESG (Environmental, Social and Governance) is a bad idea. It refused to do so because of its ethical belief (yes, it has ethical beliefs) that ESG is a good idea, in spite of all the evidence to the contrary. After...
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Some individuals advocate incorporating labor standards into trade agreements. Others are vehemently opposed to the idea. Both sides to the controversy give compelling arguments to support their positions. This paper examines the controversy and applies ethical theory to determine whether...
Persistent link: https://www.econbiz.de/10014084571
The World Trade Organization, which came into existence at the conclusion of the Uruguay Round, is in charge of administering a plethora of new trade rules. The main thrust of the new rules is to reduce or abolish tariffs and quotas on a wide range of products. Some tariffs and quotas were...
Persistent link: https://www.econbiz.de/10005408063
The People's Republic of China has been the number one target of antidumping actions filed by the U.S. Commerce Department on behalf of various domestic industries. One reason for this special status is because the PRC is one of the world's lowest cost producers. Because of the cost structure of...
Persistent link: https://www.econbiz.de/10005408068
Antidumping laws have taken on added significance since the conclusion of the Uruguay Round of GATT. Prior to the Uruguay Round, only about 40 countries enforced antidumping laws. After the Uruguay Round, all 120+ signatories have agreed to incorporate antidumping laws into their trade policy....
Persistent link: https://www.econbiz.de/10005556417
A search of the accounting, trade and ethics literature failed to find a single article that discussed the role that accountants play in assisting in the data gathering process of a trade investigation. Yet there are serious ethical issues that need to be addressed. Certain aspects of trade...
Persistent link: https://www.econbiz.de/10005556504
Most Favored Nation (MFN) status, trade embargoes and blockades have traditionally been used to entice nations to alter their behavior or to punish them for certain behavior. The intentions behind these policies are generally noble, at least on the surface. However, instituting these policies...
Persistent link: https://www.econbiz.de/10005119248