'Miracle for Whom?' offers a fresh and insightful perspective to the debate on rising income inequality in Chile, and on the broader question of how free trade affects the demand for workers in developing countries.

How does free trade affect workers in developing countries? Economic theory tells us that developing country firms will respond to free trade by shifting production towards the abundant pool of low-skilled labour. Yet since Chile's economic opening in 1974, income inequality has increased, calling into question the benefits of free trade for low-skilled workers. Through in-depth case studies of two Chilean industries, Berg explores this conundrum, considering influences such as the changing strategies of multinational firms, increased competition, technological change, and labour relations. Berg argues that heightened international competition has forced Chilean firms to drop their prices to retain market share, lowering profits. To compensate for the drop in profits, Chilean firms have instituted numerical and wage flexibility policies available to them as a result of the weak institutional environment that has existed in the country since the military coup of September 1973. The suppression of wages has been directed at low-skilled workers, who are poorly organized and easily replaceable. Miracle for Whom? offers a fresh and insightful perspective to the debate on rising income

'Good governance, social stabilization and economic justice are not luxuries that weigh down and impede the process of development. They are the essence of development itself. This book provides the documentation required to carry the point.' - From the foreword by James K. Galbraith Labor 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 institutions have been eroded, whilst in other countries they do not exist at all. Labour Markets, Institutions and Inequality includes empirical case studies, from both developed and developing countries, which examine the role of institutions in ensuring equitable income distribution. The volume discusses the effect of macroeconomic, labor and social policies on inequality, highlighting how specific groups such as women, migrants and younger workers are affected by labor market institutions. Expert contributions demonstrate that in order to reduce inequality, countries must strengthen their labour market institutions through comprehensive policy formulation. Contributors: C. Behrendt, P. Belser, J. Berg, S. Cazes, J. Martinez Franzoni, S. Gammage, M. Gerecke, D. Grimshaw, S. Hayter, M. Hengge, I. ['Yan'] Islam, C. Kuptsch, J. Ramon de Laiglesia, S. Lee, M. Luebker, J.C. Messenger, U. Rani, N. Ray, G. Reinecke, D. Sanchez-Ancochea, J. Woodall

Die Expertin gibt Entscheidern Kriterien fur den Einsatz von Einzel- oder Gruppen-Outplacement sowie fur interne Outplacementprojekte an die Hand. Mit vielen Beispielen aus der Wirtschaftspraxis.