Fostering Labor Rights in Developing Countries: An Investors’ Approach to Managing Labor Issues

While private sector investment plays a key role in fostering sustainable economic development in developing countries, respect for internationally recognized worker rights is also a vital component. The paper presents a methodology to assist investors in large-scale private infrastructure and other...

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Bibliographic Details
Authors: Montgomery, Robert H. (Author) ; Maggio, Gregory F. (Author)
Format: Electronic Article
Language:English
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Published: Springer Science + Business Media B. V 2009
In: Journal of business ethics
Year: 2009, Volume: 87, Issue: 1, Pages: 199-219
Further subjects:B Case studies
B Private Sector
B Due diligence
B Corporate social responsibility
B Investors
B best practices
B Human Rights
B labor rights
B Developing Countries
B Indicators
B Monitoring
B Risk Management
Online Access: Volltext (lizenzpflichtig)
Description
Summary:While private sector investment plays a key role in fostering sustainable economic development in developing countries, respect for internationally recognized worker rights is also a vital component. The paper presents a methodology to assist investors in large-scale private infrastructure and other industry sector projects to utilize internationally recognized core labor rights and related standards for fostering sound labor management. The methodology involves due diligence or analysis of labor conditions and subsequent supervision and monitoring of performance and promotes the use of best practices to complement existing minimum requirements. Case study examples are presented and challenges in applying the approach are discussed.
ISSN:1573-0697
Contains:Enthalten in: Journal of business ethics
Persistent identifiers:DOI: 10.1007/s10551-008-9808-y