The Globalization of Labor Standards: Managing Risk in a Challenging World Economy (Summary)

Abstract

[Excerpt] In-house counsel representing a range of U.S. corporations turned out for a full-day Baker & McKenzie conference addressing globalization of labor standards and the impact on multinationals in today’s economy. Corporate attorneys are facing labor issues that span the interpretation of foreign hiring practices and workplace rules to the development of compliance standards and the shifting role of organized labor. Throughout the day, specialists tackled a host of thorny topics: the role of influential policy groups such as the Organization for Economic Co-operation and Development, human rights issues, corporate social responsibility, the changing nature of labor unions throughout the world, and the regulatory landscape in major world markets, including fast-growing economies such as China and Latin America.