Abstract

DELGADO WISE, Raúl  and  MARTIN, David. The Political Economy of Global Labor Arbitration. Prob. Des [online]. 2015, vol.46, n.183, pp.13-32. ISSN 0301-7036.  https://doi.org/10.1016/j.rpd.2015.10.002.

This paper analyzes the fundamental role of wage differences in the efforts undertaken by major multinational corporations to restructure their productive, trade, financial, and service strategies under the aegis of neoliberal globalization. We are especially interested in underscoring the way in which these disparities, by means of geographic relocation and the redistribution of productive processes, have become an easily accessible and apparently inexhaustible source of extraordinary earnings. This situation has given rise to the entrenchment of unequal development between central and peripheral countries and a new international division of labor characterized by the direct and indirect exportation of the most valuable commodity for capital: the labor force.

Keywords : Labor arbitration; wages; productive restructuring; labor force; capital-labor.