| February 12, 2003 — The relationship between workers and employers has traditionally been a pressurized one, but globalization is forcing the two sides to look again at how to balance fair wages and good working conditions while maintaining a competitive economy. With the international economy shrinking distance and dissolving borders, some people worry that countries with lower labor standards will attract more investors, thereby threatening the hard-earned rights of workers in countries with long traditions of unionization. In a new report launched this week however, the World Bank shows that countries may not want to enter a race to lower their labor standards quite yet, nor discard trade unions as a threat to a country’s economy.
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