Beyond Sweatshops: Foreign Direct Investment and Globalization in Developing Nations
Editorial Reviews
Book Description
In Beyond Sweatshops, Theodore Moran examines the impact of FDI in manufacturing on growth and welfare in developing countries, and explores how host governments can take advantage of the contributions of foreign investment while avoiding the hazards to lower-skilled workers.
The first part of the book examines multilateral proposals designed to place a floor under the treatment of workers around the world, contrasting a WTO-based system to enforce labor standards with "voluntary" arrangements, including corporate codes of conduct, certification organizations, and "sweatshop free" labeling. It explores the pros and cons of adding a "living wage" requirement to the ILO's core labor standards.
By analyzing the evidence from a variety of developing countries-in Asia, Latin America, and Africa-Moran demonstrates that most FDI goes to industrial sectors that employ trained workers who are not easily exploited. The flow of FDI to plants that produce electronics, auto parts, industrial equipment, chemicals, pharmaceuticals, and medical equipment, paying production workers two to five times more than what is found in lower-skilled operations, is twenty-five times the flow to garment, textile, and footwear plants.
About the Author
Theodore H. Moran holds the Marcus Wallenberg Chair in international business and finance at the School of Foreign Service at Georgetown University.
Beyond Sweatshops: Foreign Direct Investment and Globalization in Developing Nations,Theodore H. Moran,Brookings Institution Press,0815706154,Business & Economics,Business/Economics,Developing countries,Employees,Foreign trade and employment,General,International - Economics,Investments, Foreign, and empl,Investments, Foreign, and employment,Labor,Manufacturing industries,OECD countries,Politics - Current Events,Politics / Current Events
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