International & Comparative Employment Relations Essay - 3

International & Comparative Employment Relations - Essay Example 57). These approaches have various effects on the labour standards. This paper analyses the approaches to regulating labour standards in a particular context of Multinational corporations (MNCs). Multinational corporations are business organizations that operate in at least one country apart from their home country. The paper will also consider the effectiveness of current approaches and their sustainability over the long-term. In response to the race to the bottom in labour standards the International Labour Organization decided to focus on what they thought had articulated as core labour standards. This led to a Declaration on Fundamental Principles and Rights at Work which defined the fundamental rights of workers to be: freedom to associate and the right to collectively bargain to be recognized; illegalization of any type of compulsory or forced labour; abolition of underage labour; and illegalization of discrimination when it comes to occupation and employment (Weil & Mallo 2007, p. 799). International Labour Organization’s member states are supposed to make sure that these fundamental rights are promoted within their territories. This can be said to have been the beginning step toward making sure that the race to the bottom in labour standards is properly dealt with. However, there have been some concerns with regard to the ability of the International Labour’s ability to influence the regulation of labour standards. Despite the fact that the ILO is charged with the responsibility of setting international labour standards it has been observed that these role is in most cases educational, promotional, and normative (Williams & Williams 2014, p. 123). This is because they can only encourage member states to adopt the international labour standards that they propose. They can also be of assistance when it comes to the implementation of these labourstandards. Therefore, it should be noted that