Elliott (Institute for International Economics) and Freeman (economics, Harvard U.) argue that increased global trade, in combination with stronger labor standards, are complementary ways to contribute to economic growth and improving living standards in less developed countries (LDCs). The proffer an economic analysis whereby consumer pressures in importing countries leads to more attention to labor standards in exporting countries. They suggest that labor standards could be enforced by voluntary corporate codes of conduct, LDC implemented standards, and/or an increased role for the International Labor Organization. Annotation (c) Book News, Inc., Portland, OR (booknews.com)
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Kimberly Ann Elliott, former visiting fellow, is a senior fellow at the Center for Global Development. She is the author or coauthor of numerous books and articles on a variety of trade policy and globalization issues. Much of her work focuses on the uses of economic leverage in international negotiations, including both economic sanctions for foreign policy goals and trade threats and sanctions in commercial disputes.
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