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

Author

Listed:
  • Sean Turnell

    (Department of Economics, Macquarie University)

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.

Suggested Citation

  • Sean Turnell, 2001. "The Right to Employment: Extending the Core Labour Standards and Trade Debate," Research Papers 0101, Macquarie University, Department of Economics.
    • Handle: RePEc:mac:wpaper:0101
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    File URL: http://www.econ.mq.edu.au/research/2001/3-2001Turnell.PDF
    File Function: First Version, 2001
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    More about this item

    JEL classification:

    • F02 - International Economics - - General - - - International Economic Order and Integration
    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics
    • F42 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - International Policy Coordination and Transmission
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity

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