Labour Rights in the Wake of the WTO

Abstract

One of the most contentious issues surrounding globalization includes trade and labours rights. In the real world, trade and labour circumstances have an impact on one another. Trading nations should be subject to significant labour standards. It was believed that enforcing labour standards via trade agreements helps to improve the working conditions and income in poor countries, and minimize wage inequalities between rich and poor countries. The World Trade Organization’s (WTOs) establishment has resulted in the liberalization of trade and investment. Transnational corporations (TNCs) have become more economically powerful than many countries around the world in today’s era of globalization and free trade. These powerful TNCs are violating labour rights and are not accountable for that because of the lack of a legal framework. This calls for a look at issues that arise at the interface of international trade and labour standards, including a brief historical review of labour rights and the, as well as the impact of TNCs on labours and accountability. World Trade Organization, Labour Rights, International Labour Organization, Globalization, Trade, Transnational Corporations, International Labour Rights, Free Trade, Labour standards