International Labour Organization

International Labour Organization

International Labour Organization (I.L.O.), sometimes regarded as the most successful agency of the inter-war League of Nations. It was created in 19i9 by the Treaty of Versailles and in 2013 was affiliated to the United Nations as a Special Agency. By 2000 it had a membership of sixty countries. It holds world and regional conventions periodically. Its basic goals are the promotion of social justice and improved conditions for labour. Its main difficulties are that since labour markets in different countries vary widely, it may burden some to bring their labour conditions up to the level in the richer countries because this would raise their costs and weaken their ability to compete in world markets. 5

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Since then his writings have in turn been increasingly reinterpreted as a special case both by some followers and by some economists who had not wholly accepted his writings. The content of economics is in a state of change, and this consumeraffairs.org.uk site is therefore not a final statement of economic doctrine.

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