This innovative book assesses the impact of labour standards on the
competitiveness of firms through a comparison of developing and
industrialized countries.The lack of a strict code of labour
standards in developing countries is thought to result in unfair
competition, which industrialized countries have used to justify
protectionist policies. Developing countries are seen to oppose the
adoption of labour standards, believing that such measures are
likely to jeopardize their competitiveness in world markets. This
book analyses both of these positions within the context of the
current political debate on the subject. The authors investigate
the reasons for implementing labour standards, and measure their
impact upon firm competitiveness using a variety of empirical tests
and statistics from approximately 165 countries. They conclude that
labour standards do not have a significant impact on the
competitiveness of firms or economies as a whole. From their
evidence the authors offer policy advice including the
decentralization of decision making for implementing labour
standards, and the adoption throughout the world of core labour
standards. Labour Standards and International Competitiveness will
be welcomed by academics interested in international economics,
development economics and labour economics, as well as by
policymakers and practitioners working in international
organizations.
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