IRE244H1 Chapter Notes - Chapter 5: Institutional Economics, Company Union, Industrial Democracy
10 Oct 2018
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The institutional economists believed that unions would improve both the efficiency and equity of markets by providing a greater balance of bargaining power between individuals and firms. Binding procedure for the enforcement of the written law. Balance of power between management and labor. The international labor organization (ilo), a tripartite (management, labor, and government) agency of the un, has established standards on such human rights as freedom from child or forced labor, freedom of association, and the right to collective bargaining. In 1998, the ilo passed the declaration on fundamental. Declared a core set of labor standards to be fundamental human rights, thereby bringing them under the umbrella of human rights law. Freedom of association is also a freedom guaranteed canadian. Charter of rights and freedoms and has been interpreted by the. Unions must have, as one of their purposes, collective bargaining with the firm. Unions must be independent of the employer.
