Following the 2008 "global" financial crisis, the viability of globalised financial capitalism was called into question. The resulting fear and uncertainty produced a momentary return to "Keynesian" policies. But as soon as emergency stimuli - and bank bail-outs - appeared to stabilise the situation, there was a sharp reversal; and successive British governments and the financial sector have since attempted to return to business as usual. Historically, much smaller shocks have been able to produce dramatic change, with the 1978 "Winter of Discontent" providing a catalyst for the election of Margaret Thatcher, the ultimate abandonment of the post-war Keynesian consensus, and the ushering-in of neoliberalism. Nor is apparent success a guarantee against change, with Winston Churchill being swept from office by the first majority Labour government in 1945 - at a point which should have marked his greatest triumph. In this book, these apparently inexplicable shifts in the conventional wisdom and the accompanying policy paradigm are explored through the lens of the interest groups that have jostled for position since the second industrial revolution. In this context, inequality, poverty, free market capitalism and the social welfare state have interacted in an uneasy, dynamic dance - the "insecurity cycle". The authors explore these interactions, their impact on the relationship between society and the economy, and the possible implications of Brexit and a re-energised political left. Written in an engaging and accessible style, Labour, Finance and Inequality will be a key resource for academics and students of social and political economics as well as public policy. It will also offer considerable insight to policy makers and a more general non-specialist audience.

Labour markets are becoming more dynamic in response to pressures from globalisation, new technologies and trade agreements, as well as cross-border migration, inter-generation differences, changing education imperatives and employer expectations. By focusing on several Asia Pacific countries, this book explores the differences in their workforces: ageing, or abundant in labour but lacking in skilled employees. One similarity these countries share is the difficulty in attracting and retaining employees with the required skillset and capabilities, and these constraints can stymie national economic growth and long term development. This book brings together national and international perspectives on employability challenges faced by selected countries in the Asia Pacific region. While the region is forecast to enjoy high growth in the coming decade, a recurring challenge is addressing skill shortages and ensuring effective transition from training colleges and universities into employment. Consequently, the book focuses on the roles of multiple stakeholders, primarily: governments, education providers and employers - in more effectively addressing these key socio-economic challenges.

The first book in this important new series, under the general editorship of Nobel Laureate Robert Solow, Institutions, Innovation and Growth assembles a stellar cast of international contributors. Leading economists join the debate on innovation and economic growth, focussing on a broad spectrum of issues ranging from labour markets to corporate governance. Growth paths within the OECD are also assessed, with particular emphasis on contrasts between US and European models. The book seeks to identify those institutional factors, taking into account different national trajectories, which might serve to promote economic growth in Europe. As with all books in this series, Institutions, Innovation and Growth offers cutting edge research that is relevant to the world in which we live. It will be essential reading for scholars, policymakers and interested readers concerned with the economic challenges facing Europe in the twenty-first century.

During the last two decades, rapid economic growth and development in India has been based upon the mass employment of informal labour. Using case studies from three urban regions, this book examines this growth in modern India's cities and towns. It argues that India has undergone a process of uneven and combined development during its integration with the world economy, leading to a distorted form of urban development. This book is about work and resistance in India's massive 'informal economy'. It looks at the growth of informal labour in Bangalore, Mumbai and New Delhi during an era of neoliberal economic policymaking. Going beyond mainstream accounts, it argues that India's rapid economic development has been based upon the mass employment of workers on low wages who lack basic social protection and rights at work. It discusses how urban development in India is characterised by a combination of industrialisation, industrial relocation, restructuring and informalisation. Departing from some existing studies of de-industrialisation, it re-frames informalisation as a process that complements, rather than contradicts, contemporary industrialisation in rapidly-emerging economies. The book adopts a 'classes of labour' approach, classifying each case of informal labour as a specific 'form of exploitation': as a different way for employers to lower production costs, control workers and increase enterprise flexibility. Offering a critique of existing data on the measurement and monitoring of informal labour and employment, the book is relevant to students and scholars of Development Studies, International Political Economy and South Asian Studies.

The Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) was enacted in India with the multiple objectives of providing employment in a rights-based framework, addressing rural poverty, checking migration, and building rural infrastructure. As such, every year around 15-20 per cent of households in India overall and 30 per cent in rural India receive some form of employment share under the MGNREGA programme. This volume looks at various aspect of the scheme, its linkage with employment, agricultural wages, livelihood and food security, gender issues, and migration in rural India. It also discusses challenges in implementation, hurdles and the relative successes of the scheme. Based on primary survey data from 16 major states in the country, the findings of the study provide key insights into MGNREGA and assess the implications for other welfare-oriented programmes. Rich in empirical data, this volume will be useful to scholars and researchers of political economy, economics, agriculture, rural development and sociology, as well as policymakers and nongovernmental organisations.

The India Migration Report 2017 examines forced migration caused by political conflicts, climate change, disasters (natural and man-made) and development projects. India accounts for large numbers of internally displaced people in the world. Apart from conflicts and disasters, over the years development projects (including urban redevelopment and beautification), often justified as serving the interests of the people and for public good, have caused massive displacements in different parts of the country, disrupting the lives and livelihoods of millions of people. The interdisciplinary essays presented here combine a rich mix of research methods and include in-depth case studies on aspects of development-induced displacement affecting diverse groups such as peasants, religious and ethnic minorities, the poor in urban and rural areas, and women, leading to their exclusion and marginalization. The struggles and protests movements of the displaced groups across regions and their outcomes are also assessed. This volume will be of great interest to scholars and researchers of development studies, economics, sociology and social anthropology and migration studies.

Market Liberalizations and Emigration From Latin America provides a comprehensive analysis of the impact of the era of liberalization in Latin America, focusing in particular on labor markets and emigration from the region. Starting in 1980, liberalization in Latin America was expected to improve market functioning, efficiency, and welfare. Instead, it yielded slower growth, unexpectedly high levels of unemployment and income inequality, flat or falling wages, an increase in non-tradeable (service sector) and informal activity, and, finally, waves of emigration from Mexico, Central America, and Ecuador, among other countries. This book provides a heterodox narrative explanation of why the orthodox economic model that underwrote the standard 'trickle-down' account served more to obscure and obfuscate than to explain and clarify the state-of-affairs. The book investigates the impact of the global-scale liberalizations of markets for goods and physical and finance capital and the mere national-scale liberalization of regional labor markets, arguing that these asymmetric liberalizations, together, resulted in labor market failure and contributed in turn to the subsequent, undocumented migrant flow. The ultimate effect of the skewed scale of market liberalizations in Latin America disproportionately benefited capital at the expense of labor. Market Liberalizations and Emigration From Latin America will be of interest to researchers of economics and development in Latin America.

Increasingly, the governments of virtually all industrialised countries are confronted with persistent problems of unemployment and low pay for those with little formal education and few skills. To combat this growing problem, various countries are utilising different remedies - usually with disappointing results.Policy Measures for Low-Wage Employment in Europe is a focused and up-to-date set of studies highlighting several important new findings. The book considers in-depth policy measures in the areas of taxation, benefits and employer subsidies aimed at the low-skilled and illustrates the limitations of short-term solutions. The policy debate is extended to encompass the role of product demand related to low-paid, low-skilled work and to the functioning of the labour market. In particular, the study investigates the role of job satisfaction and turn over in two major low-paying sectors - the retail trade and the hotel industry. This book will prove a valuable contribution to the literature for labour economists and policymakers at European and national level and policy officers of trade union and employment organisations. Those interested in labour market problems will also find the work to be a fascinating read.

Originally published in 1978 Urbanization and Labour Markets is a useful companion for those studying in geography, economics or development studies. The book provides a simple guide to the subject of labour in cities in underdeveloped countries. It also set out the major controversies relating to urban labour markets in developing countries and focuses in detail to work which goes on outside large-scale firms. Migration and population growth is considered in some detail and proposals for different ways of seeing the 'informal' sector are discussed. This book will be of use to undergraduates in the areas of geography, economics and development studies.

This title was first published in 2000. One of the most comprehensive overviews of regional development and policy emergence in the Central and East European countries to date, this book focuses on economic and social cohesion, bringing together a wide range of empirical research and discussion material.

This title was first published in 2001. This original study of mental health care presents a conceptual approach to the nature of the industry's multiple outputs. It pays special attention to the economic role of government, and also uses conventional economic theory to analyze the fact that the needs and wants of people with mental illnesses and their care-givers are frequently neglected.

This book, first published in 1982, summarises the history and organisation of the group of co-operatives centred in Mondragon. The study makes an in-depth analysis of its economic aspects, including employment creation and manpower planning, the raising of financial resources and planning of investments, problems of earnings differentials, and the incentives that can be derived from worker-ownership. In particular, the authors examine the operation of the self-management system and Mondragon's production efficiently.

This study, first published in 1997, examines the relationship between the style of management used and the level of productivity, measured in terms of the organization's financial stability. Other variables examined include the age of the top level managers, their educational level, the size and age of the organization, and the organization's physical parameters. By determining whether or not productivity is affected by the use of a participative style of management, the author is laying the groundwork for making companies more competitive.

First published in 1989. In the decade before this book was originally published, employee share ownership and profit sharing had increased markedly as successive governments introduced fiscal legislation promoting their uses. Yet how successful had 'people's capitalism' been? The Glasgow study was a major empirical investigation into this issue and was a response to the need for an independent assessment. It discusses how attitudes to ownership had changed and how these, in turn, related to attitudes to work. It also addresses the implications of profit sharing and employee share ownership for industrial relations both for individual companies and at a national level.

Originally published in 1978. The present study had grown out of the deliberations of wage policy at the 1971 Congress of LO, the Swedish Confederation of Trade Unions. For many years the LO had pursued a policy of solidarity in wage policy - a policy which sought to relate pay to the nature of the work which an employee carried out, and not to the capacity or ability of the employer to pay. Several issues related to this policy are explored. This study was extremely controversial when first published in Sweden, and will therefore be of great interest to students of economic history and democracy.

This title, originally published in 1925, provides a scientific exploration of some of the forms of co-operative organisation which had attained considerable development in other countries, but were little known to English students of the movement. This account of the co-operative movement in Italy will be of interest to students of economic democracy and economic history.

The book, first published in 1983, examined whether the Yugoslavs' extensive implementation of their principle of self-management by small work units was costly in terms of economic efficiency. Were they atomizing their firms into inefficiently small fragments? Was the system of worker self-management appropriate only for small firms? Can a modern industrial enterprise of efficient scale, indeed very large scale, by run that way? In order to answer these questions, the author applies to large firms in former Yugoslavia the transactions cost analysis developed by the economist Oliver Williamson.

This work, originally published in 1989, examines a highly important phenomenon: the growth of profit-sharing and share-ownership schemes for employees within the company. The Origins of Economic Democracy traces the origins and developments of such schemes internationally, and presents an explanatory framework for understanding their emergence. Both legislation and economic conditions play key roles in determining the popularity of such schemes for companies and their employees. The subject of profit-sharing is of vital importance to companies endeavouring to improve their financial performance while increasing the degree of job satisfaction and organizational loyalty of staff members.

First published in 1975, Workers' Participation in Industry provides a fresh perspective on a highly significant issue. Its principal argument is that developments in workers' participation and control cannot be satisfactorily understood except by reference to broader questions concerning the exercise of power in industry and in society at large. The book's approach is sociological and explanatory, and it is written for the general reader as well as for students and specialists on both sides of industry.

Originally published in 1990. Why has the pattern of ownership in British industry changed so dramatically in recent years? This high-level and wide-ranging discussion on the developments of the industrial scene in Britain investigates why such changes have occurred, and explores their impact on management and work relations. The contributors consider whether this trend will continue, arguing that these changes will have far-reaching consequences for both western and eastern political economies in the twenty-first century. This title will be of interest to students of business, economics and management.

This book, originally published in 1977, is a comparative study of worker participation in France, Belgium, Luxembourg and Britain. The first part of the book treats employee participation in general terms and examines its meaning and scope. The second part then examines the major themes of representative establishment councils and employee representation through an analysis of the relevant statutes and common law of the countries concerned, and by exploring the legal and other problems which have arisen in each. It also examines how these laws are applied in practice and the opinions of those concerned.

This book, first published in 1973, sets out the reason why workers' control is the necessary alternative to the present system. It describes the struggle of the workers through their organizations to achieve a greater control over their lives; and it discusses the practical steps which need to be taken to achieve complete workers' control. Practicality is the keynote of this book, which starts from the reality of the 1970's and progresses towards the essence of socialism - workers' control.

This title, originally published in 1986, explores the political and economic conditions of the 1980s, and reflects the world-wide interest in industrial democracy. Each chapter analyses the main adaptations in policy, theory and experimentation that have occurred in industrial democracy in the 1980s. In particular, the role of managers is examined in depth and detail, since these personnel have been responsible for a number of recent initiatives. The themes covered are vital for all those seeking new directions in the reform of modern industrial relations in the late 1980s and into the 1990s.

This insightful Handbook examines how labor unions across the world have experienced and responded to the growth of neo-liberalism.Since the 1970s, the spread of neo-liberalism across the world has radically reconfigured the relationship between unions, employers and the state. The contributors highlight that this is the major cause and effect of union decline and argue that if there is to be any union revitalisation and return to former levels of influence, then unions need to respond in appropriate political and practical ways. Written in a clear and accessible style, the Handbook examines unions' efforts to date in many of the major economies of the world, providing foundations for understanding each country. Policy makers, analysts, academics, researchers and advanced students in employment, industrial and labor relations as well as political economy will find this unique Handbook an important resource to understanding the contemporary plight and activity of labor unions. Contributors include: S. Ashwin, M. Atzeni, J. Bailey, D. Beale, B. Bruno, D.-o. Chang, S. Contrepois, F.L. Cooke, P. Dibben, H. Dribbusch, B. Fletcher Jr., G. Gall, P. Ghigliani, R. Hurd, J. Kelly, J. McIlroy, R. Munck, E. Noronha, D. Peetz, T. Schulten, R. Trumka, L. Turner, A. Wilkinson, G. Wood

A 'green economy' must be built on 'green jobs' - the kind of employment that is low carbon, intended to reduce energy use and expected to restore environmental quality. But attempts to define exactly what a 'green job' is have led to varied and often contradictory answers. There are many unresolved questions including whether we consider jobs in the nuclear fuel industry to be green jobs? Or is a worker at a glass making company which supplies the glass for the solar photovoltaic industry doing a green job given that glass making is a 'dirty' industry? This book deals with the relationship between "green" concepts (green jobs, green economy, green growth) and sustainable development. It examines to which extent creation of green jobs supports overall economic development as opposed to creation of elitist jobs and greenwashing. In order to do so, general conceptual frameworks for green jobs, green economy, green growth and green policy are presented as well as their implementation in ten countries selected among the Group of Twenty. The selection includes advanced (the European Union, the United States of America, Australia, Canada, Republic of Korea, Japan) and developing countries (Mexico, China, Turkey and Brazil). The analysis presented in this book shows that although green concept is well-intentioned, its implementation depends on local circumstances - economic, political and social. Developed countries perceive green growth as a way to create new markets and demand, while developing countries rely more on labor intensive growth and less expensive green jobs. Thus, greening the economy does not diminish differences between rich and poor. This book is suitable for those who study and work in Ecological Economics, Sustainable Development and Labor Economics.