The International Labour Organization was founded in 1919 after World War I as an agency of the League of Nations as a result of the Versailles Treaty. c. The UN Global Compact Role of Training & Development in an Organizational Development 217 6.2 Training and Development Its Role in Achieving Organization Is investment in the area of training and development linked to the bottom line within the business. 42 An overview about the history and development of the ILO give Servais (2009) at 21-64 and Standing (2008) at 355-384. Challenges posed to labour standards by globalisation, III. 1 For an excellent overview see Dunning (2008) at 735-740. 40 In this respect, the key functions are participation, protection and promotion, which can be summarised as follows: Hence, the statements of Vernon and Stone that “multinational enterprises was a threat to national policy”30 and that “the global economy is undermining the capacity of nation-states to regulate their own domestic economies”31 has become reality. The question about the necessity has been one of the most contested questions over the last 100 years. Moreover, the amount of MNCs and their affiliates has grown rapidly8, and they can be regarded as the “main engines of economic globalisation.”9 At the same time, the classical structure of companies, model on which various national labour legislation are orientated, is disappearing, sparking enormous problems of regulation. The “race to the bottom” seems, therefore, to be inexorable. It is the only tripartite U.N. agency. 49 For further details see Servais (2009) at 293-297; ILO (2004) at 93, and retrieved on 2 August 2011 http://www.ilo.org/global/standards/applying-and-promoting-international-labour-standards/lang-- en/index.htm. The main functions of the ILO are the following:Creation of coordinated policies and programs directed at solving social and labour issues; Adoption of international labour standards in the form of conventions and recommendations and control over their implementation ORIGIN The International Labour Organisation was es-tablished on April 11, 1919, as an autonomous institution associated with the League of Nations. It will be argued that a shift from public to private regulation has occurred which has created an interdependency among several actors that is crucial for the current ILS regulation. Thus, the procedures are based on “mobilisation of shame.”58 It is hoped that the convention breaching country will act accordingly in the future because of the peer pressure. One of the ILO’s original and most important functions is the adoption by the tripartite International Labour Conference (employers, workers and governments) of Conventions and Recommendations which set international standards. 2. 13 See Friedman (2002) at 64, “globalisation enables each of us, wherever we live, to reach around the world farther, faster, deeper, and cheaper than ever before”, and “the process is almost driven by technology”. Trade Unions: Objectives, Function, Formation, Regulation, Rights and Liabilities! International Labour Organization (ILO) –This is a specialized agency of the United Nations system, which develops and promotes international labour standards. Avoid injustice, depravation and exploitation of labour. 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