IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/2463.html
   My bibliography  Save this paper

The Case for an International Minimum Wage in the Context of Free Trade

Author

Listed:
  • Shirkosh, Mehdi

Abstract

Minimum wages and work standards have been regulated in almost all countries around the world, however the level of these standards and the strength of implementation differ considerably. Minimum wages are usually higher in industrial countries but in many third world countries are either set at levels close to or below subsistence, or are not enforced at all. The increased ability of some third world countries to produce and export manufacturing goods, combined with the liberalisation of international markets, has seen the gap between wages in the two groups of countries become more significant over time. The acceleration of the globalisation process over the last two decades, however, has led to the question of minimum wages gaining recognition as a significant international issue. This study will discuss the issue of an international minimum wage as a means for promoting international economic growth and reduction of global poverty.

Suggested Citation

  • Shirkosh, Mehdi, 2005. "The Case for an International Minimum Wage in the Context of Free Trade," MPRA Paper 2463, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:2463
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/2463/1/MPRA_paper_2463.pdf
    File Function: original version
    Download Restriction: no

    References listed on IDEAS

    as
    1. Blaug,Mark, 1997. "Economic Theory in Retrospect," Cambridge Books, Cambridge University Press, number 9780521577014, April.
    2. Ana Corbacho & Gerd Schwartz, 2002. "Mexico; Experiences with Pro-Poor Expenditure Policies," IMF Working Papers 02/12, International Monetary Fund.
    3. Boadway, Robin & Cuff, Katherine, 2001. "A minimum wage can be welfare-improving and employment-enhancing," European Economic Review, Elsevier, vol. 45(3), pages 553-576, March.
    4. Ajit Singh, 2004. "Labour Standards and the 'Race to the Bottom': Rethinking Globalization and Workers' Rights from Developmental and Solidaristic Perspectives," Oxford Review of Economic Policy, Oxford University Press, vol. 20(1), pages 85-104, Spring.
    5. Andrea Maneschi, 1998. "Comparative Advantage in International Trade," Books, Edward Elgar Publishing, number 856, April.
    6. Cecilia Garcia-Penalosa & Eve Caroli & Philippe Aghion, 1999. "Inequality and Economic Growth: The Perspective of the New Growth Theories," Journal of Economic Literature, American Economic Association, vol. 37(4), pages 1615-1660, December.
    7. Bourdieu, Jérôme & Reynaud, Bénédicte, 1999. "Social aspects of the decrease in working hours in 19th century France," CEPREMAP Working Papers (Couverture Orange) 9912, CEPREMAP.
    8. Basu, Kaushik & Genicot, Garance & Stiglitz, Joseph E., 1999. "Household labor supply, unemployment, and minimum wage legislation," Policy Research Working Paper Series 2049, The World Bank.
    9. Aoki, Masahiko & Kim, Hyung-Ki & Okuno-Fujiwara, Masahiro (ed.), 1998. "The Role of Government in East Asian Economic Development: Comparative Institutional Analysis," OUP Catalogue, Oxford University Press, number 9780198294917.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Harun Ucak, 2011. "Turkey’s Population Dynamics As A Candidate Country For EU Membership," International Journal of Economics and Financial Issues, Econjournals, vol. 1(4), pages 180-198.

    More about this item

    Keywords

    reduction of global poverty; International minimum wage; international work standards; Free or regulated trade; Globalisation; Subsistence wages; NAFTA and Mexico;

    JEL classification:

    • F16 - International Economics - - Trade - - - Trade and Labor Market Interactions
    • F12 - International Economics - - Trade - - - Models of Trade with Imperfect Competition and Scale Economies; Fragmentation

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:2463. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Joachim Winter). General contact details of provider: http://edirc.repec.org/data/vfmunde.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.