IRE244H1 Chapter Notes - Chapter 3: Parliamentary System, Hiring Hall, North American Free Trade Agreement
8 Jul 2018
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Document Summary
The environment of industrial relations helps shape the labor-management relationship and such system outcomes such as wages, benefits, work rules, and conflict. Macroeconomic policy- a policy that applies to the economy-wide goals, such as inflation, unemployment, and growth. It is the single most important influence in industrial relation, with respect to the liberalization of markets. In 2008, canada suffered a deep recession and recovery has been slow and steady, but canada has performed well comparatively as opposed to other countries who faced the recession. Almost all industries have affected either directly through deregulation or privatization (or both) (e. g. , trucking, airlines, and communications) or indirectly through policies that promote free trade in goods and services (e. g. , the north america free trade agreement among. The net effect of these liberalization policies is under dispute, but there can be little doubt that the firms are under greater competitive pressure due to tariff reductions or deregulation polcies.
