Reasonable Value and the International Organization of Labor Rights
Critics of “globalization” have argued that “core” labor rights should be written into regional and multilateral trade agreements. “Free traders” oppose this; arguing if should be dealt with by the International Labor Organization, not in trade agreements. The critics find this less than satisfactor...
Salvato in:
| Pubblicato in: | URI:https://journals.openedition.org/ei, |
|---|---|
| Autori principali: | , |
| Natura: | Article ou chapitre numérique |
| Lingua: | Anglais |
| Pubblicazione: |
Économie et Institutions
2016
|
| Accesso online: | Accès Université d'Orléans et IFPM Accès Université d'Orléans et IFPM |
| Riassunto: | Critics of “globalization” have argued that “core” labor rights should be written into regional and multilateral trade agreements. “Free traders” oppose this; arguing if should be dealt with by the International Labor Organization, not in trade agreements. The critics find this less than satisfactory, as the ILO has no enforcement capability. We argue that the ILO is the appropriate body for dealing with labor rights, though not for the reasons that the “free traders” stand on. Rather, the ILO embodies the theoretical standpoint, theory of value, and analysis of labor markets found in the institutional economics of John R. Commons. While there are problems in applying Commons’ approach internationally, it is possible that incorporating ILO findings in national decision making may promote the ILO as an authoritative figure. |
|---|