 The Internationalization of Law: The Evolution of Labor Standards in Response to GlobalizationFelix Hadwiger
Chapter Chapter 2 in Contracting International Employee Participation, 2018, pp 11-20 from Springer Abstract: Abstract MNCs have been on the rise during the last decades and are a vital element of a modern economy (Dunning and Lundan 2008), which is characterized by an increasing fragmentation of production and the growing importance of global supply chains (Elms and Low 2013). The globalization of production generates economic growth, creates investment and jobs, reduces poverty and increases the demand for the rule of law (Ruggie 2008, p. 189). The latter is an element of robust democracies, fundamental to encouraging investments in physical and human capital (Voigt and Gutmann 2013), attracting foreign direct investment (Busse and Hefeker 2007) and is associated with better human rights performance (Abouharb et al. 2013). Vice versa unstable political environments, human rights violations and conflictual labor relations are serious obstacles for MNCs wanting to invest. Keywords: Conflictual Labor Relations; Adverse Human Rights; Robust Democracy; Core Labour Standards; Forced Labour Convention (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:spr:intchp:978-3-319-71099-0_2 Ordering information: This item can be ordered from DOI: 10.1007/978-3-319-71099-0_2 Access Statistics for this chapter More chapters in International Law and Economics from Springer |
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