The Right to Employment: Extending the Core Labour Standards and Trade Debate

Sean Turnell ()

No 101, Research Papers from Macquarie University, Department of Economics

Abstract: Full employment is a necessary prerequisite before the gains from international trade can be specified. Yet the assumption of full employment is seldom acknowledged by economists when advancing policy advice, and nor is it made clear in the policy infrastructure of such bodies as the WTO. The purpose of this paper is to examine the importance of the assumption of full employment to the case for free trade. Arguing that the right to employment is a human right, the paper concludes that it is also a precondition for the successful creation of a rule-based trading order, and the economic basis for global stability and prosperity.

JEL-codes: E24 F02 F13 F41 F42 (search for similar items in EconPapers)
Pages: 13 pages.
Date: 2001-03
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