MHR 522 Lecture Notes - Lecture 9: Allocative Efficiency, Co-Determination, World Trade Organization
21 Apr 2018
School
Department
Course
Professor
Document Summary
Comparative industrial relations: budd reviews 7 separate models, as separate components or archetypes. Will review them and discuss their general tendencies, keeping in mind our framework of efficiency, equity and voice: It just makes them feel good for the time being. High bargaining power from strength in numbers and from taking wages out of competition in product market (reduces employer resistance. Globalization and ir: globalization is global trade integration. Increase international integration, international trade, foreign direct investment, immigration. Flows of good, services, capital (investment, building plant in another country, building hotel etc), and labour: overall effects of globalization and increased integration. How to pursue concerns of efficiency, equity, and voice: options- somewhat mirror workplace governance options, free trade, laissez-faire. Trade barriers historically common, but there has been a collective thrust towards free trade for several decades. Gatt multilateral system of movement towards freer trade -> then wto (since: general agreement on trade and terror.
