Ticket to trade

Standard trade theory, as invoked by political scientists and economists, would anticipate that workers in Belgium, a small Old World country, rich in labour relative to land, were in a good position to benefit from the wave of globalization before 1914. However, wage increases remained modest and 'labour' moved slowly towards adopting a free-trade position. Beginning in 1885, the Belgian labour party backed free trade, but its support was conditional on more and better social legislation. Belgian workers' wellbeing improved in the wave of globalization, but the vehicle was labour and social legislation and not rising wages

Economics · Free trade · Globalization · International trade · Labour economics · Labour law · Legislation · Market economy · Political science · Politics · Position (finance) · Ticket · Wage · Historical Economic and Social Studies · Law · Social Policy and Reform Studies

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