Latin America Discovers Labor Reforms.Finally
Krebsbach, Karen, Global Finance
Latin America has made many advances in neoliberal economic reform, in privatization, and in liberalizing the economy," says Rafael Fernandez de Castro, a political scientist specializing in labor law at the Brookings Institution in Washington. "But in most countries you still have a very old labor code.The business sector-and many in the political sector-are trying to change that."
Indeed, in the last two decades most Latin American nations have pursued a rigorous timetable of macroeconomic reforms, including opening markets and lowering tariffs. Those changes were followed by financial market and tax reforms."And now we have been seeing labor law reforms coming hand in hand …
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Publication information: Article title: Latin America Discovers Labor Reforms.Finally. Contributors: Krebsbach, Karen - Author. Magazine title: Global Finance. Volume: 13. Issue: 1 Publication date: January 1999. Page number: 32+. © Global Finance Media Inc. Feb 2009. Provided by ProQuest LLC. All Rights Reserved.