Labor - The New Tools of Trade - Sun and Planets Spirituality AYINRIN

 Labor - 

The New Tools of Trade - Sun and Planets Spirituality AYINRIN

From The  Palace Of Kabiesi Ebo Afin!Ebo Afin Kabiesi! His Magnificence Oloja Elejio Oba Olofin Pele Joshua Obasa De Medici Osangangan broad-daylight natural blood line 100% Royalty The God, LLB Hons, BL, Warlord, Bonafide King of Ile Ife kingdom and Bonafide King of Ijero Kingdom, Number 1 Sun worshiper in the Whole World.I'm His Magnificence the Crown.

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Author:His Magnificence the Crown, Kabiesi Ebo Afin! Oloja Elejio Oba Olofin Pele Joshua Obasa De Medici Osangangan Broadaylight.

Today, most multinationals have a conspicuous social conscience. They publicize their internal codes of conduct, monitor labor conditions in their global supply chains, and require suppliers to meet basic labor practice standards. But despite efforts to be better global citizens, companies by themselves are unable to eliminate abuses in their supply chains. In fact, so long as the countries with which they do business turn a blind eye to labor abuses or can’t manage the problem, companies have few options—short of canceling contracts—to reduce exploitation and safeguard their reputations.

Part of the blame for this situation belongs to corporations themselves. During the past decade, they have agreed to take on what ought to be the work of the state. Large multinationals are today running programs on community development, health care, and legal education throughout the developing world. But the governments of these countries remain relatively free from accountability for their business environments.

This makes no sense. If companies want to see improved labor practices in the countries where they do business, they should support efforts to include labor standards in trade agreements. But the business community has long been suspicious of this kind of regulation. This is not only shortsighted but increasingly out-of-date, as the recent wave of U.S. and European trade agreements shows.

These trade initiatives emphasize carrots instead of sticks, with both the U.S. and European Union rewarding trade partners who protect working conditions rather than only punishing those who don’t. For example, the latest EU Generalized System of Preferences, a program for granting tariff reductions to developing-country products imported into the EU market, now has a measure to allow additional tariff reductions to countries that demonstrate compliance with the International Labor Organization’s (ILO) core labor standards. To date, Sri Lanka and Moldova have benefited from this special preference. Their exports to the EU are now eligible for an additional 5% tariff reduction, giving these countries some advantage over competitors.

The U.S.–Cambodia Bilateral Textile Trade Agreement is another example. Created while the international textile quota regime was still active, it offered Cambodia additional textile export quota in return for improvements in textile workers’ conditions. By bringing in the ILO to monitor conditions in Cambodian factories, the agreement helped remedy a problem common in many developing states: good laws but weak implementation. The ILO’s findings were reported not only to the local business in question but also to international customers and the Cambodian government, prodding the various parties to work together to improve compliance with the country’s labor laws. The recently signed U.S.–Chile agreement is also intended to help enforce existing laws. If either party is fined for violations, the funds remain within the country being fined and are earmarked for enforcement. They may be used to hire and train labor inspectors, for example.

These kinds of policy innovations don’t eliminate the need for multinationals to pressure irresponsible suppliers. But they can turn the dilemma of labor abuse into a diplomatic matter, forcing greater accountability on the part of all governments. When trade agreements and labor standards are linked this way, local workers benefit from improved conditions, governments and local businesses benefit from more favorable terms of trade, and multinational customers insure their most valuable asset: their reputations.

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Follow The SUN (AYINRIN), Follow the light. Be bless. I am His Magnificence, The Crown, Kabiesi Ebo Afin!Ebo Afin Kabiesi! His Magnificence Oloja Elejio Oba Olofin Pele Joshua Obasa De Medici Osangangan broad-daylight natural blood line 100% Royalty The God, LLB Hons, BL, Warlord, Bonafide King of Ile Ife kingdom and Bonafide King of Ijero Kingdom, Number 1 Sun worshiper in the Whole World.I'm His Magnificence the Crown. Follow the light.