East Asian Economic Conditions: Hearing Before the Committee on Banking and Financial Services, U.S. House of Representatives, One Hundred Fifth Congress

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Page 108 - Transactions; and (F) protection of internationally recognized worker rights, including the right of association, the right to organize and bargain collectively, a prohibition on the use of any form of forced or compulsory labor...
Page 138 - ... Market forces also play a much more important role in determining wages. The Labor Law prohibits antiunion discrimination on the part of employers against employees seeking to organize. There are a number of export processing zones and industrial zones, which are governed by the same labor laws as the rest of the country. C. PROHIBITION OF FORCED OR COMPULSORY LABOR The Labor Law prohibits all forms of forced and bonded labor, including such labor by children; however, there were reports that...
Page 21 - ... substantial assistance from the IMF and the World Bank and the Asian Development Bank, to stabilize their financial systems and economies. The financial disturbances that have afflicted a number of currencies in Asia do not, at this point, as I indicated earlier, threaten prosperity in this country.
Page 125 - Section 3 Respect for Political Rights: The Right of Citizens to Change Their Government...
Page 93 - The investor further agrees to observe applicable laws relating to a minimum age for employment of children, acceptable conditions of work with respect to minimum wages, hours of work, and occupational health and safety, and not to use forced labor. The investor is not responsible under this paragraph for the actions of a foreign government.
Page 112 - RESPECT FOR HUMAN RIGHTS Section 1. Respect for the Integrity of the Person, Including Freedom From: a. Political and Other Extrajudicial Killing.
Page 138 - Indonesian children between the ages of 10 and 14 work, and another four per cent work in addition to going to school. Indonesia was one of the first countries to be selected for participation in the ILO's International Program on the Elimination of Child Labor (IPEC), and it signed a memorandum of understanding with the ILO on May 29, 1992, to guide collaboration under this program.
Page 20 - ... governments or failed domestic businesses. To do otherwise could lead to distorted investments and could ultimately unbalance the world financial system. The recent experience in Asia underscores the importance of financially sound domestic banking and other associated financial institutions. While the current turmoil has significant interaction with the international financial system, the recent crises would arguably have been better contained if long-maturity property loans had not accentuated...
Page 16 - STATEMENT OF HON. ALAN GREENSPAN, CHAIRMAN, BOARD OF GOVERNORS, FEDERAL RESERVE SYSTEM Mr. GREENSPAN. Thank you very much, Mr. Chairman.
Page 134 - ... placed considerable emphasis on improvement of Indonesia's intellectual property regime, but it is difficult to estimate prospective losses incurred by current inadequacies in protection. 8. Worker Rights a. The Right of Association: Private sector workers, including those in export processing zones, are by law free to form worker organizations without prior authorization. However, government policies and current numerical requirements for union recognition constitute a significant barrier to...

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