DSST Business Ethics Study Guide sm 2

35 5 safety valves in specific circumstances

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[35] 5. Safety valves . In specific circumstances, governments are able to restrict trade. There are three types of provisions in this direction: articles allowing for the use of trade measures to attain noneconomic objectives; articles aimed at ensuring "fair competition"; and provisions permitting intervention in trade for economic reasons. [37] Exceptions to the MFN principle also allow for preferential treatment of developing countries, regional free trade areas and customs unions.[ citation needed ] There are 11 committees under the jurisdiction of the Goods Council each with a specific task. All members of the WTO participate in the committees. The Textiles Monitoring Body is separate from the other committees but still under the jurisdiction of Goods Council. The body has its own chairman and only ten members. The body also has several groups relating to textiles. [38] Child labour (U.S. child labor ) refers to the employment of children at regular and sustained labour. This practice is considered exploitative by many international organizations and is illegal in many countries. Child labour was utilized to varying extents through most of history, but entered public dispute with the advent of universal schooling, with changes in working
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conditions during the industrial revolution, and with the emergence of the concepts of workers' and children's rights. In many developed countries, it is considered inappropriate or exploitative if a child below a certain age works (excluding household chores or school-related work). [2] An employer is usually not permitted to hire a child below a certain minimum age. This minimum age depends on the country and the type of work involved. States ratifying the Minimum Age Convention adopted by the International Labour Organization in 1973, have adopted minimum ages varying from 14 to 16. Child labour laws in the United States set the minimum age to work in an establishment without restrictions and without parents' consent at age 16. The incidence of child labour in the world decreased from 25 to 10 percent between 1960 and 2003, according to the World Bank. [3] Fair Labor Standards Act: An Overview of Federal Child Labor Laws
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The Fair Labor Standards Act (FLSA) establishes child labor standards (as well as minimum wage, overtime  pay, equal pay, whistleblower, and record keeping standards).  These standards affect full-time and part-time  workers in the private sector and in federal, state, and local governments. The FLSA's child labor provisions are designed to protect the educational opportunities of minors and prohibit  their employment in jobs and under conditions detrimental to their health or well-being.  
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35 5 Safety valves In specific circumstances governments...

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