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The State of Labour - The Global Financial Crisis and its Impact (Hardcover, New)
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The State of Labour - The Global Financial Crisis and its Impact (Hardcover, New)
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This book analyzes the adverse effects of globalization and
liberalization - acutely manifest in the increased financialization
of capital and the concomitant global financial crisis of 2008-09 -
on the labour force, especially in the developing countries.
Drawing upon case studies from several countries including India,
Columbia, Malawi, Brazil and Thailand, it highlights the worsening
plight of working class as a whole and informal labour in
particular. The essays examine issues such as down-sizing, lowering
of wages, insecurity and erosion of labour rights, and show how
labour is grappling with the situation. The volume critically
re-assesses varied aspects of the growing informal sector: its
dubious credential as an employment provider during crises; its
non-adherence to internationally recognized standards of decent
work; the problems and potential of workers' unions; and the need
for a regulatory regime. It also discusses changes in the Indian
labour market induced by business environment and technology as
well as its future dynamics. Presenting a historical review of
labour markets, the work explores the deregulation wave under the
globalization of 1980s and the interactions between existing
unstable asset markets and labour markets. The book will prove
especially useful to students and scholars in economics, labour
studies and sociology, and those engaged in public policy and
governance.
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