Look who's shedding tears for low-paid labor

Recently some governments in the Americas and Europe have been vocal in demanding increased international coordination on the establishment of a global standard for labor. Their call has been echoed by some economists and politicians, trade unions and non-government organizations. What do these voices tell us and what is the motive behind them?

Actually the so-called global labor standard is aimed at developing countries and reflects a difficult position in which globalization has currently put the developed nations. Developed countries started globalization in the 1990s as many transnational conglomerates relocated their manufacturing facilities to the developing world en masse.

This kind of overseas investment is mainly aimed at amassing profits by taking advantage of cheap labor in developing nations. Globalization has fueled international trade, which in turn has accelerated economic growth around the world, including emerging markets.