Labour Regulation in Internationalized Markets

Bob Hepple

Chapter 10 in Regulating International Business, 1999, pp 183-202 from Palgrave Macmillan

Abstract: Abstract This chapter is primarily concerned with one of the main ways in which the new market imperialism (as defined by Picciotto, 1998) affects labour standards.1 There has been a progressive removal of barriers to trade and investment, which the MAI aims to consolidate further. On the other hand, labour has remained relatively immobile, and barriers to economic migration have even been increased. As a result firms, especially large Transnational Corporations (TNCs), are able to dominate international labour markets. This raises the question of whether and how international regulatory arrangements should encourage the ratcheting of labour standards upwards rather than downwards.

Keywords: Foreign Direct Investment; Collective Bargaining; Informal Sector; Child Labour; Multinational Enterprise (search for similar items in EconPapers)
Date: 1999
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-27738-4_10

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DOI: 10.1007/978-1-349-27738-4_10

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