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    The Impact of Global Labour Standards on Export Performance

    Bandyopadhyay, Kuntala | May 2016
    Abstract
    The issue of global labour standards has been at the forefront of both regional and multilateral trade negotiations over the past two decades, and will likely remain high on the agenda of future trade talks as North-South trade flows continue to increase. Labour interests in high-standards countries argue that low labour standards are an unfair source of comparative advantage, and that increasing imports from low-standards countries will have an adverse impact on wages and working conditions in high-standards countries, thus leading to a race to the bottom of standards. For low-standards countries, there is the fear that the imposition of high labour standards upon them is just a form of disguised protectionism and is equally unfair since it will erode their competitiveness, which is largely based on labour costs. The objective of this paper is to discuss the ways the emerging economies and the public and private sectors within them, likely to emerge as setters of standards that affect producers and consumers across the world. The second part of the paper investigates empirically the effects of labour standards on export performance of a country cross-country regression with country fixed effects using a panel dataset over the year 1980-2014. If the popular views on the issue of trade and labour standards are correct, one should expect lowstandards countries to enjoy a better export performance, ceteris paribus. We found that although no definite relation comes out between labour rights and export, the result could depend on whether it’s a poor or rich country.
    Citation
    Bandyopadhyay, Kuntala. 2016. The Impact of Global Labour Standards on Export Performance. © Indian Council for Research on International Economic Relations. http://hdl.handle.net/11540/6524.
    Keywords
    Taxation
    Public Debt
    Local Government
    Debt Management
    Pension Funds
    Mutual Funds
    Social Equity
    Financial Aspects
    Fiscal Policy
    Finance
    Public Finance
    Governance
    National Budget
    Budgetary Policy
    Educational Budget
    Public Financial Management
    Financial System
    Financial Statistics
    Local taxation
    Options
    Government
    Local government
    Taxation
    Employee pension trusts
    Investment management
    Investments
    Multiemployer pension plans
    Keogh plans
    Individual retirement accounts
    Pension plans
    Employee pension trusts
    Pension trusts
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    Citable URI
    http://hdl.handle.net/11540/6524
    Metadata
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    Working_Paper_319.pdf (752.9Kb)
    Author
    Bandyopadhyay, Kuntala
    Theme
    Finance
    Governance
     
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise