Monitoring International Labor Standards: Human Capital Investment Summary of a Workshop (2003) / Chapter Skim
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2. Conceptualizing the Link Between International Labor Standards and Human Capital
2. Conceptualizing the Link Between International Labor Standards and Human Capital
Pages 4-10
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From page 4... ...
After discussing the importance of human capital in general, he summarized the rationales for labor standards in the global economy to introduce the linkages between the two. Marshall said that most people would agree that investment in human capital is critical to improving the human condition.
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From page 5... ...
These types of labor-management programs, according to Marshall, "provide more effective training than any of the parties doing it by themselves." This cooperative learning process improves performance of labor standards, as in the case of safety and health. Marshall believes that freedom of association and collective bargaining promotes high value-added economic strategies (strategies that focus on increasing productivity and quality as opposed to reducing wages)
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From page 6... ...
PLACING CORE LABOR STANDARDS IN THE DEVELOPMENT CONTEXT: GORDON BETCHERMAN, THE WORLD BANK Gordon Betcherman said that implementation of standards occurs within the context of development; it is important to understand the socioeconomic context. Societies can do a range of things beyond monitoring and enforcement to ensure compliance.
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From page 7... ...
He explained that it is important to keep in mind that the labor force in the informal sector is outside the protective reach of government authorities, with no collective agreement to establish rights and no access to court action. He noted that although the economist perspective acknowledges these realities, it does not adequately address the costs associated with making the transition "from a poorer country with bad working conditions to a rich country with good working conditions." According to Betcherman, while legal institutions and processes and growth-oriented policies are important for the elimination of child labor, the development perspective helps identify other efficient and realistic interventions as well.
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From page 8... ...
Moody described several activities in Congress that are related to international labor standards. The International Workers Rights Caucus, which has about 60 congressional members, has routine sessions and briefings on international labor rights.
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From page 9... ...
In terms of the policy implications of the report, Betcherman noted that although it will be one of the things the board considers when the World Bank is developing policy on core labor standards, political dynamics will still be at play. Participants had several questions about the perspectives presented by Betcherman.
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From page 10... ...
He stressed the importance of looking at the interrelationships between the core labor standards rather than thinking of some as more important than others.
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