461. Labor Standards, Development, and CAFTA
- Author:
- Kimberly Ann Elliott
- Publication Date:
- 03-2004
- Content Type:
- Working Paper
- Institution:
- Peterson Institute for International Economics
- Abstract:
- The Miami Summit launching the Free Trade Area of the Americas (FTAA) process recognized that free markets and free societies work best when they work together. The core labor standards — freedom of association and the right to organize and bargain collectively, freedom from forced labor, the abolition of child labor, and freedom from discrimination — are part of the summit - FTAA process because they strengthen both markets and democracy. These core standards are broadly recognized as fundamental rights to which all workers are entitled, regardless of the level of development of the country or the sector where they work. And, in an environment that promotes democracy and market - oriented economies, as the FTAA is intended to do, there is no trade - off between these principles and development; indeed, they become mutually reinforcing.
- Topic:
- Human Welfare, International Organization, International Political Economy, and International Trade and Finance