Bloomberg: Could a ‘Global Contract’ Save Workers and Heal the Planet?

Unfortunately what are called ‘high standards’ can become a cloak for crony deals and protections.

(From Bloomberg)

French entrepreneur Denis Payre thinks he can level the tilted playing field of global trade: He wants nations to sign a global contract that would set human and environmental standards that all participants in trade would have to live by—including China, which he regards as a particular problem. Payre’s plan would depart from strict adherence to free trade by imposing a tariff on imports coming from poor nations that don’t abide by high standards.

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