The Impact Of Globalisation On Employment Relations : A Comparison Of The Automobile And Banking Industries
Although no one disputes that employment relations worldwide have been greatly affected by globalisation, no clear consensus has emerged on the nature and significance of this impact. The seven contributions to this symposium pursue a comparative approach, suggesting that direct analysis of employment relations in distinct industries in two comparably-sized economies since the advent of globalisation leads to a more precise understanding of the interaction of globalisation and employment relations, and sets a pattern for other studies to follow.The economies studied in the symposium are Australia and Korea, and the industries are automobile (and auto parts) manufacturing and retail banking. In both countries, labour unions play a key role in the way in which employers and governments react to political and economic pressures.Among the particular topics discussed by the contributors are the following: effects of the 1997 financial crisis in Korea; the extent to which the automobile industry in one country (Korea) depends on parts and raw material from another country (Australia); cross-border cooperation between unions; the growing trend toward enterprise bargaining; conciliation and arbitration of industrial disputes; and the role of government-sponsored industrial relations commissions. The contributing authors are all industrial relations authorities in Australia or Korea. The in-depth analysis they offer in these very specific areas will be of value to labour lawyers and industrial relations scholars everywhere for the light it sheds on this crucial aspect of contemporary social and economic development.
A selection of 14 papers from some 60 presented at the Fifth Post Keynesian Conference, held in Knoxville, Kentucky at an undisclosed date. Most of the contributing economists are American, but several are British and a few represent Latin American and other European countries. They wrestle with such issues as attaining external balance with internal growth and employment, speculation and volatile financial markets in the quest to achieve full employment without inflation, the role of money in combating unemployment and of institutions in stabilizing economies, the advantages and disadvantages of the Euro and its implications for the world economy, and Keynes' plan to reform the international payments systems in the post-war era.
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