Sustainable Development, Global Trade and Social Rights
About this book:
Sustainable Development, Global Trade and
Social Rights is aimed at analyzing the most updated aspects of linkage
between global trade and social rights. There are two different but
converging underlying reasons that forge a linkage between promoting
social rights and market regulation: one that seeks to act against
distorted competition based on social dumping, which ultimately modifies
the best allocation of resources on a global scale; the other refers to
the planning of an axiologically oriented global order, designed to
redress the unwelcomed social consequences of globalization. Three major
fields of international law - trade, the environment and human rights -
have become inextricably intertwined in today's world. A practitioner,
policymaker, businessperson, or academic involved in any one of these
fields must now be conversant with the other two. The historic link
between fundamental social rights and market regulation has proved to be
a major topic in the current context of economic globalization, whose
trade expansion is a fundamental component along with renewed impetus
towards economic regionalism and free trade agreement, including labor
provisions. An analysis of MERCOSUR offers a revealing insight into the
differences between trade agreements concluded among developing
countries and those concluded among developed countries.
What's in this book:
This
groundbreaking book considers the crucial elements of this complex
engagement, with eleven authoritative discussions by some of the most
important and widely renowned professors of labor, commercial, and
international law and experts from the International Labour Organization
and the International Society for Labour and Social Security Law.
Focusing primarily on the "social pillar" of sustainability, the authors
cover such critical issues as the following:
- the "creeping de-globalization" manifested by Brexit and US protectionist policies;
- new and renegotiated multilateral "mega" treaties;
- prospects for effectively codifying social responsibilities of multinational corporations;
- nexus of economic comparative advantage and excessive exploitation of natural resources;
- weak (or non-existent) enforcement of labor clauses in trade agreements;
- assessing and managing environmental and social risk in project finance; and
- stabilization clauses in state-investor agreements.
How this will help you:
A
much-needed probing of the future of global trade in the light of a
resurgence of economic nationalisms, this book takes a giant step
towards a new consensus and cohesion phase in the international
community where development policies, international business
transactions, and social and environmental sustainability coexist
harmoniously. It will be welcomed by practitioners, academics, and
researchers in trade law, environmental law, and labor law, as well as
by policymakers and businesspersons concerned with how these legal
fields interact with economic justice.
