International Political Economy

What ar the facilitating factors` for a look sharp to the buns to give What are the factors that prevent much(prenominal) a race from occurring ? Does the piece association of factors offset the first set ? Why or why non In understanding the facilitating factors that contribute to the race to the shadower , it is first important to know that this race to the bottom requires the employment of governments , pile unions and labor advocates . In their efforts to boost economic productivity , firms basic whollyy search for the cheapest sources of the factors of turnout which translates into higher margins for the firm . In the global economy of today , these relatively cheap factors of production , foremost of which are labor and raw materials , are make in the bottom part of the global economy , implication that these are usually in the developing countriesThis race to the bottom occurs on that pointfore when the governments , trade unions and labor advocates , in their efforts to improve trade and attract direct foreign investments adopt neo-liberal policies but in doing so trade off the friendly wellbeing of its citizens . Factors much(prenominal) as lower costs , taxes and labor well-being all contribute to the happening of this race to the bottom . Occurrences such as deregulation and minimizing the role of the government in the redistribution capacity to crack cocaine goods and services to the public would lead to the downward(prenominal) spiral of loving welfareIn to prevent this race to the bottom and the humiliation of the social welfare of a number of countries , plastered governments have begun adopting models that discourage such a trend . Factors such as active jurisprudence and social involvement have been shown to provide a certain influence in preventing this race to the bottom from occurring . In cube the race to the bottom , governments need to take a more than active role in improving social welfare in the countries .

The role of the government in implementing these changes to prevent the downward leveling of the social standing of its citizens must be express to prevent the race to the bottom from occurring . Environmental , labor and social policies that block downward leveling must be created and employ to prevent this occurrenceThe reason why these factors are important is because the second set of factors that prevent the race to the bottom from occurring do not necessarily prevent the occurrence of the first . As mentioned , the race to the bottom is motivated by the natural firm sense of seeking the lowest costing factors of production . As such , this will always have a tendency to occur especially in the advent of globalization . The role of governments , curiously in the developing countries where these factors of production can be bring , lies in being able to prevent the negative effects that the race to the bottom brings . More effective social policies and ensuring that there is a trickledown effect to the lowest members of society will go a long way in preventing the continued degradation caused by the race to the bottom...If you want to get a full phase of the moon essay, order it on our website: Orderessay

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