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Idea#170

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Public-Private Partnerships »

End Corporate Laziness with an International Trade Treaty

Why Is This Idea Important?: Stimulates corporate R&D, incentivizes global labour laws

We need to form an alliance/treaty with several other developed nations (UK, France, Germany, Japan, Australia, etc.) and produce a list of foreign countries determined to have "acceptable" labour laws (minimum wage, safe working conditions, etc.). If a country doesn't meet the necessary requirements, all the countries under the treaty should put a heavy tax on imports from that country, making their products cost more than domestic products or products from treaty members. Since businesses in countries with poor labour laws won't be able to profit much from the treaty members (where most of the global capital is), those countries will be pressured to enact better labour laws, promoting safe and humane working conditions globally. Also, since Americans would buy domestic or treaty member products (which would have little to no import tax on them compared to non-treaty members), American businesses would be forced to finally do some R&D and try to find better methods of reducing cost to make their products, so they can compete against the treaty members.

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Submitted by dudemanfellabra 2 years ago

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Comments (2)

  1. Unsubscribed User said:

    check out the World Trade Organization

    2 years ago
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  2. dudemanfellabra said:

    I know about the WTO, but it's not strict enough. Pretty much every single country in the world is in it. This treaty would require a lot more from participating countries.

    2 years ago
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