Labor Standards:
The fundamental rights of workers as enforced by the government.
Liberal:
One who subscribes to the ideology of the free market. Economic liberalism holds that nations are best off when the role of the state is minimized. It derives in part from the fear of state abuse of power and the philosophy of individualism and liberty of the 18th-century Enlightenment.
D.N. Balaam and M. Veseth, Introduction to International Political Economy, 2nd ed., New Jersey, 2001.