Labour Institutions And Economic Development

Labour market institutions, including collective bargaining, the regulation of employment contracts and social protection policies, are instrumental for improving the well-being of workers, their families and society. In many countries, these instituti

The academic discussion on labour policy issues whether those of industrial relations, labour market structures, or conditions of work often takes place independently of discussions on macro-economic policies or development strategies. To promote an exploration of these issues, the International Institute for Labour Studies has initiated a comparative review of institutional and developmental patterns in Asia. India's experience, by virtue of its historical continuity and diversity, is a valuable point of departure for the larger exercise.

Bringing together the work of economists and sociologists in research programmes in a number of European institutions concerned with development, this collection analyses how social institutions contribute to an understanding of development. It shows how labour markets, labour relations and employment patterns respond to institutional forces, and thereby shape development paths and determine how different groups benefit from economic growth.

In trying to understand rapid economic growth in East Asia, economists have been paying increasing attention to social institutions. Among these, labour institutions, such as wage systems, trade unions or labour market segmentation, are vital in determining both economic success and failure, and the ways the burdens of success and the burdens of failure are shared. This book provides new evidence on these issues.

Though labour market regulations have been blamed for the poor economic performance of many developing countries, the evidence on which this argument rests is weak. Through a survey of different labour market institutions in developing countries, this book reaffirms the importance of labour market institutions in this era of globalization.

This innovative new text from Jeffrey Sachs and Xiokai Yangintroduces students to development economics from the perspectivesof inframarginal analysis and marginal analysis. The bookdemonstrates how the new-found emphasis on inframarginal analysishas influenced a shift back to an interest in Classical Economicsfrom Neoclassical Economics. Inframarginal Analysis vs. Marginal Analysis is presented as aconsistent theoretical framework throughout. Shows how the relationship of Inframarginal Analysis toMarginal Analysis has influenced the shift back to an interest inClassical Economics from Neoclassical Economics with regard toeconomic development. Allows economists to reduce their overall reliance on marginalanalysis, which may be less relevant to development economics thanit is to the economics of development countries. Brings considerable analytic machinery to bear on importantproblems. A focus on institutions and transaction costs that is veryrelevant to development economics. Offers a thorough analysis of trade (CHs. 3 - 7) andmacroeconomics (CHs. 16 - 19), both of which are not dealth with indepth by comparable textbooks.

This book explores the effects of product market and labour market reforms on firms, labour institutions and labour rights in the economic and industrial relations system in India. India has over the years liberalized its economy through a broad range of reforms concerning the product market and complementing these it has also sought to reform the labour market and the industrial relations system. The book assesses the impact of these reforms on both the formal and informal labour markets in India, critically examines the labour processes and uncovers/describes precarious conditions of labour in various industries and occupations, and analyzes the dynamics involved in the making of industrial, employment and labour policies in contemporary India.