How? Visits to progressive sites like the DLC's New Democrat On Line (ndol.org) find where they intend for "free" trade to be rules-based, they make the rules through their influence in international organizations. Who are they? World leaders, Davos, the UN, universities, NGO’s, international labor -- i.e., Clinton and people of the Clinton ilk.
They assure their street-demonstrating anti-WTO leftist comrades that they will not allow laissez faire capitalism and they will bring social justice, economic justice, racial justice, and environmental justice to the world as the free market creates prosperity. Socialism is the objective, however.
IMO that’s a Marxist revolution from the top down with a built in New Economic Plan (NEP).
Our corporations’ rush to transfer technology to developing countries in exchange for "cheap" labor and the mere promise of future markets make them willing dupes of the Third Way socialists among whom are the governments of those developing countries.
IMO it’s best we stick to trading with countries that earned their "comparative advantages" the old fashion way. They developed their own economies first then they competed with us. Forget the social justice crap let the developing countries develop their economies without the need for handouts. That'll put an end to dreams of world socialism. It might cause war? Like we Earthlings need a reason?
Much of what you say makes sense, except that comparative advantage exists quite apart from any attempt to regulate it. You can't simply regulate "fairness" in wages without implicitly penalizing the consumers of that labor.
If "fairness" needs to be regulated, then it is, by definition, unfair. So we make sure that shirts sell for no less that $200 each in the U.S. and penalize millions of consumers for the benefit of a small number of employees... some benefit.