Using the labor union's bargaining power as an indication of government policy on labor standards issues, we analyze the competition between a domestic (North) firm and a foreign (South) firm, and their relationship with optimal labor standards (LS). First, we show that the optimal level of LS...

Using the labor union's bargaining power as an indication of government policy on labor standards issues, we analyze the competition between a domestic (North) firm and a foreign (South) firm, and their relationship with optimal labor standards (LS). First, we show that the optimal level of LS...

This paper examines the services global value chain activities in Korea using the TiVA (Trade in Value-Added) database and firm-level data. The results indicate that Korea’s services sector has been expanding gradually, with its value-added share increasing from nearly 50 per cent during the...