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Multinational Companies and Domestic Firms in Europe - Comparing Wages, Working Conditions and Industrial Relations (Hardcover)
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Multinational Companies and Domestic Firms in Europe - Comparing Wages, Working Conditions and Industrial Relations (Hardcover)
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Globalisation is one of the most heavily debated present-day
phenomena and has been widely covered by books, papers and journal
articles. Nevertheless, the reader is frequently left with nearly
as many definitions of the subject as there are authors writing
about it. Most analysts now agree that a common denominator is the
increasing inter-connectedness of nations, people, and economies.
After the Second World War, a number of major forces underpinned
the spread of globalisation. These included the rapid development
of information and communication technology (ICT), boosted
relatively recently by the development of the Internet and the
massive growth of trade and foreign direct investment (FDI). These
factors cannot of course be separated from the increasing numbers
and influence of multinational enterprises (MNEs) and the tide of
economic liberalization that has swept through both developed and
developing economies. Neither should we ignore changes in transport
technologies. For many commentators though, FDI has been regarded
as the main -albeit not the sole--mechanism for the international
expansion of MNEs.The Social Effects of Foreign Domestic Investment
on Multinational Companies and Domestic Firms compares and
contrasts wages, working conditions and industrial relations
processes in multinational and domestic companies. Very little
academic study has hitherto been devoted to the differences that
may or may not exist between the wages and conditions that MNEs
routinely offer compared to those of domestic companies with whom
they compete. The analysis covers five sectors of the economy and
13 EU countries. This book is an effort to map the social effects
of FDI in a number of EU member states, in relation to the
prevailing patterns of internationalization. The need to examine
critically the labour market and industrial relations aspects of
recent waves of FDI is both timely and compelling.
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