Describe the significance of the international labor standards established by the ILO

What will be an ideal response?

To pursue its goal of improving the lot of all working people, the ILO attempts to establish rules or standards that have international effect. Three reasons are given for why these standards need to have international effect. The first, and most practical one, is that individual states are not inclined to enact domestic labor laws because this would put them at a competitive disadvantage in the world market by increasing local labor costs. The adoption of an internationally effective agreement would, accordingly, keep multinational companies from practicing what is sometimes called social dumping. Second, the establishment of fair and equitable labor standards helps promote world peace. Third, the establishment of uniform labor standards is a matter of both justice and humanity. Each of these justifications for international standards has become even stronger as globalization has increased.