contributed in globalization and transforming the world into a global village. The irony of the situation is that everything in this world is globalizing except wealth and development. The Brettonwoods institutions i.e. IMF and the World Bank have to play a strong and unbiased role in ensuring that the seeds of growth and development are injected into the developing world. Although poverty is termed to be the main causal factor for child labor in the developing world, however, some studies have shown that some child workers are relatively from affluent families, and engage in the business for excitement and pocket money.3 This leads us to believe that merely addressing poverty in isolation will not help us to effectively eradicate the issue.Institutionalization of the Social Sector Additionally, it has been noted that since the 1990 World Summit for Children, there has been a relative decline in the child labor. A sense of awareness and, apart from legislation, the international pressure coupled with the ethical aspect has greatly contributed in discouraging the child work scenario in many countries. Another factor, which is of considerable importance in tackling the issue of child labor, is the lack of education. In developing countries, in particular, lack of institutionalization of the social sector, primarily that of education has also contributed to an upsurge in juvenile workers. One of the solutions is to initiate broad-based programs on education for all and this can be an agenda item for the international financial support and donors organizations. It is regrettable that these institutions emphasize on liberal economy with a lot of push on tariff structures, which are only symptoms. The root cause lies in the social, cultural and political areas, and very minimal emphasis, if not superficial, is laid on the development of infrastructure in the basic development fields. Although, as discussed earlier, legislation exist...
