Multinational Corporations’ Role in Improving Labor Standards in Developing Countries: A Critical Review

Running head- A CRITICAL REVIEW
A critical review
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Running head- A CRITICAL REVIEW
In the paper- “Multinational Corporations’ role in improving labor standards in
developing countries” Mintz (2009) has discussed the roles of several investors play to improve
the labor criteria in major emerging countries also analyzing the part of multinational
corporations. The article argues about how big organization’s capacity to improve labor standard
is a different issue which is often misunderstood.
The article questionnaires multinational corporations about their ability to improve the
labor standards. The author has analyzed that as big businesses are profit seeking tycoons, their
motivations are tied up complexly with the labor standards and practices of it. The second
argument of the paper focusses on FDI; foreign direct investment of multinational corporations’.
It has a selective and strategic flow manner, allowing some of the handful of the fast-growing
countries to enjoy the influence of the labor standards. Lastly, the paper discloses that the
MNC’s are not only entitled to improve the labor standards. Other organizations like the World
Trade Organization, the United Nations, International Labour Organization, and non-government
organizations are also equally engaged with the complexity of this political and economic
backgrounds. In this article, industries that are mass producing consumer goods in developing
are taken as research sample because of being labor intensive.
The author has also thoroughly discussed international labor standards, its advancement
in the situation of different geopolitical and environment of economic and global trade. It is
known to form the paper that International Labour Organizations were ensured for overseeing
labor standards. Questions like realization of decent work evolve with a communal and economic
advancement arise in the article too. The author also covers the link between MNCs and
developing countries in the section. MNCs are always attracted to growing countries because of.