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International Labour Organization

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International Labour Organization

Specialized agency of the United Nations, originally established in 1919, which formulates international labout standards in such areas as freedom of association, wages, hours and conditions of work, social insurance, and industrial safety. It has a tripartite structure in which representatives of governments, employers and workers participate. Its headquarters are in Geneva, Switzerland. It was awarded the Nobel Peace Prize in 1969 on its 50th anniversary.



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However, as this publication reveals, the concept is now being used by international agencies such as the International Labour Organization and it is likely that scholars in many more countries will adopt the term.
In 2001, the International Labour Organization released a paper titled ``Barefoot Economics'' that says a worker's well-being is ``an integral part of the economic sustainability and organizational development of enterprises.
The International Labour Organization (ILO) estimates that there are over 12 million people trapped in forced labour around the world, one fifth of them victims of human trafficking.
 
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