Downward harmonization

Downward harmonization is an econo-political term describing the act of adapting the trade laws of a country with an established economy "downward" to the trade laws of the country with a developing economy. This "harmonizing" may affect labor laws, human rights laws, minimum-wage, industry standards, quality control, anti-terrorism, etc.

See also

Race to the bottom

References

Kenneth A. Reinert; Ramkishen S. Rajan; Amy Joycelyn Glass; Lewis S. Davis (2 August 2010). The Princeton Encyclopedia of the World Economy. (Two volume set). Princeton University Press. p. 1006. ISBN 1-4008-3040-0.

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