Globalisation: A Race to the Bottom or an Opportunity to Improve Labour Standards?

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Brazil, Russia, India and China, often known as the BRICs, have seen explosive growth in the past two decades and have asserted themselves as drivers of globalisation. Many scholars have researched the effects of this growth and development, and how these factors have affected domestic labour conditions. But are they asking the right questions? For instance, if developing countries invest in developed economies, will this lead to improved working conditions in the investing developing nation? Dr Patrick Wagner of the University of Konstanz, Germany, and Professor Damian Raess of the Catholic University of Lille, France, have conducted a study investigating whether Brazilian direct investment in Europe leads to improved working conditions back in Brazil.