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International Labor Law Final - Paper- Draft#2_Essay

International Labor Law Final - Paper- Draft#2_Essay -...

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[Type text] International Labor Law Final ILR IC 634 12/14/07
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[Type text] What Problems might arise now or in the foreseeable future in light of  development in international labor law? General Power Corporation’s decision to pursue the current opportunity for  development, installation and operation of energy infrastructure in Devinco to support  companies in the EPZ should be made with full consideration of the implications of  international labor law and how they may bear upon the company. I will begin with an  overview of the situation as I understand it. This will be followed by a listing of key  factors which may bear upon GPC’s decision to pursue a bid and recommendations for  winning and limiting potential liabilities if the decision is made to go forward.   Overview:   As a developer and operator of energy infrastructure, GPC’s served market is  dominated by regions of the world with the highest rates of economic development.  Global sourcing of manufactured goods by developed nations from lower-cost  jurisdictions is the economic model of the foreseeable future, making these the ones  with the highest rates of infrastructure growth. The lowest cost jurisdictions are  generally those with the lowest total cost for manufacturers. These include costs  associated with delivery of raw materials and component parts, power, labor, 
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[Type text] transportation and regulation. Principal among these is the cost of labor, which if low  enough, will be sufficient to deter manufacturing in the consuming country, another  more developed nation or a competing low-cost jurisdiction. The low cost of labor in  developing nations arises from the transition of labor from a very-low cost agricultural  base into the manufacturing sector, combined with low added costs associated with  worker safety and labor standards thought to be reasonable in the more developed  world. Competition among developing nations for foreign investment in manufacturing  facilities is fierce, as producers from the US, EU, Japan, Korea and the Asian Tigers  have demonstrated a continuing willingness to migrate production to the lowest cost  jurisdictions as may be required to meet severe cost-based competition in their home  markets. Therefore domestic and foreign operators and governments in developing  nations resist adoption of labor practices which will undermine their low labor cost,  unless and until the social and economic benefits become evident as a natural part of  the nation’s eventual transition to a more developed nation. Indeed, some believe that 
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