The Quest for Global Rules for Improved Working Conditions in Developing

question 44

Multiple Choice

The quest for global rules for improved working conditions in developing countries advocated by NGOs and labor unions in advanced industrial countries are generally rejected by defenders of globalization.Which of the following is not an argument likely to be used by Oatley and the defenders of greater globalization?

• A) Improved global labor standards will yield less investment, less production, fewer jobs and a return to poverty.
• B) The effort to establish higher labor standards globally is just a ruse for more protectionism by unions in advanced industrial countries.
• C) Higher standards are unnecessary because working conditions in the developing world will improve without them.
• D) Wages in all societies are linked to productivity not labor market regulations like minimum wage standards.
• E) Greater growth of the world economy is driven only by corporate profits, not concern for greater dignity for workers in both developing and developed countries.

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Definitions:

Invoice

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Payment Terms

The terms that dictate when a seller will finalize a transaction, usually detailing the timeframe a buyer is granted to settle the owed amount.

Balance

The amount of money currently in an account or the difference between the total debits and credits recorded.

Overhead Costs

Expenses related to the day-to-day running of a business that are not directly linked to a specific product or service.