Unions and Collective Bargaining: Economic Effects in a Global Environment

Unions and Collective Bargaining: Economic Effects in a Global Environment

Unions and Collective Bargaining: Economic Effects in a Global Environment

Unions and Collective Bargaining: Economic Effects in a Global Environment

Synopsis

The development of industrial relations in different countries can be essential in their efforts to balance competitiveness with equitable wages and improved working conditions. Consequently, a well-functioning labor market is essential for solid economic performance as well as future economic growth and for the well-being of workers and their families.'Unions and Collective Bargaining' is a comprehensive reference book which evaluates the economic effects of unions and collective bargaining. This book provides a detailed survey and synthesis of the economic literature on trade unions and collective bargaining and their impact on micro- and macroeconomic outcomes. It shows the effects of collective bargaining in different country settings and time periods

Excerpt

Providing equitable and inclusive labor markets is one of the most important components of social protection. This is one of the central conclusions of the World Bank’s recent (2001) Social Protection Sector Strategy: From Safety Net to Springboard. Since labor is often a poor person’s main or only asset, equitable access to safe and well-paid employment is a key method of reducing the risk of unemployment and poverty for individuals. Formalization of the labor relationship is reflected in labor standards, including the freedom of association and the right to collective bargaining. Sound industrial relations between employers and employees can lead to a stable economy and prevent settlements that are detrimental to the functioning of the economy. To achieve this potential win-win outcome, developing labor standards needs to go hand in hand with building institutional capacity and trust between workers, employers, and the government. The need for workers, employers, and governments to find solutions that reduce poverty through both growth and distributional efficiency is becoming increasingly important in an era of rapid globalization.

The World Bank is committed to approaching issues surrounding labor market standards on a pragmatic, country-by-country basis. The Bank supports the promotion of all core labor standards in many ways. It offers training to its staff on these issues, engages in regular dialogue with trade unions, fosters partnerships with other international organizations working on these issues, and conducts research. The Bank is working to build up its knowledge base in this area and learn from the experience of partner institutions and the international community.

This book is part of this broader effort. It examines the economic effects of trade unions and collective bargaining by looking at the international evidence on the micro- and macroeconomic impacts of unions . . .

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