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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 low standards 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/11540/9106.
    Keywords
    Development
    Trade
    Development Goals
    Skills Development
    Sustainable Development
    Trade Flows
    Trade And Development
    Food Security And Trade
    Trade Volume
    Trade Potential
    Trade Flows
    External Trade
    Industrial policy
    New technology
    Innovations
    Industry
    Export policy
    Import policy
    Trade Unions
    Development assistance
    ADB
    Curriculum development
    Development assistance
    Development aid
    Development indicators
    Development potential
    Development models
    Project appraisal
    Performance appraisal
    Regional development bank
    Trade development
    Import volume
    Export volume
    Capital
    Business
    Communication in rural development
    Social participation
    Occupational training
    Partnership
    Joint venture
    System analysis
    Labor and globalization
    Labor policy
    Regional trading blocs
    Foreign trade and employment
    Developing countries
    Industrial priorities
    Technological innovation
    Technology transfer
    Foreign trade regulation
    Industrial relations
    Trade-unions
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    Citable URI
    http://hdl.handle.net/11540/9106
    Metadata
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    Working_Paper_319.pdf (752.9Kb)
    Author
    Bandyopadhyay, Kuntala
    Theme
    Development
    Trade
     
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise