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Essay / Research Paper Abstract
This 5 page paper discusses the problem of child labor from an economics perspective and considers how, with the use of economic models, potential methods of reducing child labor may be identified and assessed. The bibliography cites 5 sources.
Page Count:
5 pages (~225 words per page)
File: TS14_TEchildlab.rtf
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Unformatted sample text from the term paper:
international treaties and agreements, but the practices appears to continue, strongly associated with poverty and families needs to generate income. It has been estimated by Borland (2008) that 186 million
children between the ages of five years and fifteen years are in the global workforce, with as many as 5.6 million in forced labor in order to repay debts or
loans and 1.8 million in prostitution (Basu and Tzannatos, 2003). While there is the agreement that child labor is harmful, not only
due to the direct impact on the child, but due to the long term impact children working are not in school and as such are limiting their future earning potential
as they are failing to gain knowledge and skills that would benefit them as adults (Basu and Tzannatos, 2003). The matter can been considered from an economic perspective, as social
measures appear to have limited success while there is still an ongoing demand for the labor as well as supply of that labor.
The way in which any product or service is available will be heavily influenced by the aspects of supply and demand along with the level of elasticity (Baye, 2006).
Where there is a demand for a product or service, in this case the service is child labor, and there is the supply, in this case the children who are
willing to work, which also means that their families are willing to let them work, there will be an ongoing market for the labor. The questions is to assess how
the use of economic understandings may be used to help reduce child labor in ways that social policies have been unable to succeed.
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