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Article

New sources and new actors of international labour law

Issues of Business and Law. 2010. Vol. 2. P. 95-103.
Lyutov N.

The last decade has been marked by a huge growth of the economic power of multinational companies. This has enhanced attention to their activity as employers, especially in the developing countries. As a reaction of the companies to this attention and critics, a new source of international labour law – corporate codes of conduct – has appeared. There are both positive and negative effects of practice of adoption of such codes. The effectiveness of these new acts is now a matter of serious debates. This article considers the opportunities and threats associated with this phenomenon.