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TorgoX (1933)


"Il est beau comme la retractilité des serres des oiseaux rapaces [...] et surtout, comme la rencontre fortuite sur une table de dissection d'une machine à coudre et d'un parapluie !" -- Lautréamont

Journal of TorgoX (1933)

Saturday May 11, 2002
04:39 AM

Racing to the bottom

[ #4850 ]

«While developed countries were able to "lock in" the benefits of technology, research and development and brand, their poorer trading partners were left competing against each other to provide low-cost labour. "Competition among firms, including international ones, in developing countries becomes competition among labour located in different countries," the report says.»

--"Poor miss out as rich nations cream off their trade"

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