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Labour Regulation in Internationalized Markets

In: Regulating International Business

Author

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  • Bob Hepple

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.

Suggested Citation

  • Bob Hepple, 1999. "Labour Regulation in Internationalized Markets," Palgrave Macmillan Books, in: Sol Picciotto & Ruth Mayne (ed.), Regulating International Business, chapter 10, pages 183-202, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-27738-4_10
    DOI: 10.1007/978-1-349-27738-4_10
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