7,048 research outputs found

    Trade unions and collective bargaining

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    The authors assert that changing world markets and new technologies are driving industrial restructuring. The ability of developing countries and the new transitional economies to compete in the global marketplace will depend on their ability to transform industrial relations policies involving trade unions and collective bargaining so that they promote flexibility in the workplace and encourage the formation and effective use of human resources. History has shown, they say, that there are certain key moments of transition in industrial relations systems. After that time, systems get set and are hard to modify. Often these key moments are the result of legislative changes (such as the National Labor Relations Act and the emergence of public sector unions after the burgeoning of public sector legislation in the United States). Sometimes they are the result of key historical or economic junctures (such as the postwar reconstruction in Japan and Germany, and independence movements in the developing world). Recent pressures for structural change in the developing world present an opportunity for major transitions in industrial relations. Drawing on the Japanese and German experiences, as well as experiences in the developing world, the authors focus on lessons that can be applied in guiding this transformation. Workers participation in decisionmaking, they contend, is critical for bringing about the essential popular acceptance of changes that will come with industrial restructuring. It is also important to coordinate and integrate industrial relations policy with other social, legal, economic, and educational policies. The education system, for example, should not be overproducing college graduates when there is an undersupply of unskilled and skilled workers.Labor Management and Relations,Environmental Economics&Policies,Labor Standards,Politics and Government,Work&Working Conditions

    Refining policy with the poor: local consultations on the draft comprehensive poverty reduction and growth strategy in Vietnam

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    In March 2001, the Government of Vietnam produced an Interim Poverty Reduction Strategy Paper (I-PRSP), and announced its intention to develop a Comprehensive Poverty Reduction Strategy Paper (CPRGS) by the end of April 2002. In the I-PRSP, the Government outlined its commitment to involve a broad range of stakeholders - including poor communities, local government authorities, and the enterprise sector - in drafting the CPRGS. The Ministry of Planning and Investment, who was assigned by the Government of Vietnam to lead the CPRGS drafting process, asked the World Bank, and a group of international nongovernmental organizations to support them in carrying out the local consultations. The consultations took place in six rural, and urban locations across Vietnam, selected to represent a range of poverty situations. About 1,800 people participated in the research. This report, which is the first of three volumes documenting the local consultations, provides an account and reflection on the approach, and methodology used in the consultations. It is intended this may give useful practical experience for future monitoring of the CPRGS, as well as for people who are planning to carry out similar exercises in other countries. The report outlines the process that was followed from the point of developing a research outline from the I-PRSP, through the fieldwork exercises, data compilation, and analysis, leading on to identification of the main policy messages made by the participants. It also describes how the findings were used to influence the final version of the CPRGS.Poverty Monitoring&Analysis,Public Health Promotion,ICT Policy and Strategies,Health Monitoring&Evaluation,Poverty Reduction Strategies,Poverty Assessment,Health Monitoring&Evaluation,Poverty Monitoring&Analysis,Achieving Shared Growth,Urban Partnerships&Poverty

    What do governments buy? The composition of public spending and economic performance

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    The authors develop a simple analytical framework that shows how the composition of public spending affects economic growth. Distinguishing between productive and unproductive government spending (that which complements private sector productivity and that which does not), they show that increasing the share of productive spending leads to a higher steady-state economic growth rate. They use data from 69 developing countries over 20 years to determine which components of public spending are productive. They find that an increase in the share of current spending has positive and statistically significant effects on growth. Otherwise, the news is mainly negative. The relationship between the capital component of public spending and per capita growth is negative. The same is true of the share of spending on transport and communications. The shares spent on health and education have no significant impact, although parts of those shares - the parts spent on preventative care and"other education"- do. The results raise the question whether public spending actually leads to a flow of public goods and services.National Governance,Achieving Shared Growth,Inequality,Economic Growth,Public Sector Economics&Finance

    Money and growth revisited

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    Monetary Policy;Growth Models

    Privatization in competitive sectors : the record to date

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    The paper reviews recent evidence on the impact of privatization. It focuses on traditional privatization efforts involving firms in competitive markets. It shows that privatization improves firms'financial and operating performance, yields positive fiscal and macroeconomic benefits (proceeds are saved rather than spent, transfers decline, and governments start collecting taxes from privatized firms), and improves overall welfare. The popular view that privatization always leads to layoffs is unfounded. While highly protected firms have seen significant declines in net employment, competitive firms generally experienced slight declines if any. Privatization's effects on wealth and income distribution have only recently been receiving the attention of analysts, and research is just getting underway. The paper highlights the conditions for successful privatization: strong political commitment combined with wider public understanding of and support for the process; creation of competitive markets through removal of entry and exit barriers, financial sector reforms that create commercially oriented banking systems, effective regulatory frameworks that reinforce the benefits of private ownership; transparency in the privatization process; and measures to mitigate adverse social and environmental effects.Banks&Banking Reform,Non Bank Financial Institutions,Municipal Financial Management,Financial Crisis Management&Restructuring,Trade Finance and Investment,Municipal Financial Management,Financial Crisis Management&Restructuring,Non Bank Financial Institutions,Economic Systems,Banks&Banking Reform

    Decentralized credtor-led corporate restructuring - cross-country experience

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    Countries that have experienced banking crises have adopted oneof two distinct approaches toward the resolution of non-performing assets-a centralized or a decentralized solution. A centralized approach entails setting up a government agency-an asset management company-with the full responsibility for acquiring, restructuring, and selling of the assets. A decentralized approach relies on banks and other creditors to manage and resolve non-performing assets. The authors study banking crises where governments adopted a decentralized, creditor-led workout strategy following systemic crises. They use a case study approach and analyze seven banking crises in which governments mainly relied on banks to resolve non-performing assets. The study suggests that out of the seven cases, only Chile, Norway, and Poland successfully restructured their corporate sectors with companies attaining viable financial structures. The analysis underscores that as in the case of a centralized strategy the prerequisites for a successful decentralized restructuring strategy are manifold. The successful countries significantly improved the banking system's capital position, enabling banks to write down loan losses; banks as well as corporations had adequate incentives to engage in corporate restructuring; and ownership links between banks and corporations were limited or severed during crises.Financial Intermediation,Financial Crisis Management&Restructuring,Payment Systems&Infrastructure,Banks&Banking Reform,International Terrorism&Counterterrorism,Banks&Banking Reform,Financial Crisis Management&Restructuring,Financial Intermediation,International Terrorism&Counterterrorism,Banking Law

    Orphans and other vulnerable children : what role for social protection ?

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    Recent estimates have provided unprecedented numbers of orphans, and vulnerable children, either brought about because of the HIV/AIDS epidemic, or carriers themselves of HIV infections, a relentless growth which has precipitated a multifaceted care burden, that will too, grow for the next twenty years. This report records the proceedings of the Conference"Orphans and Other Vulnerable Children", which sought to promote awareness of the extent of this crisis, and, to probe the role of social protection in implementing a balanced response. The social protection framework for working with orphans, and vulnerable children shaped the conference agenda. Provision of appropriate risk management instruments is crucial for lasting poverty reduction, while programs to reduce the vulnerability of orphans, and other children, should play an integral role in any national development strategy, in the context of the HIV/AIDS epidemic. Building community capacity will constitute the centerpiece of any feasible response. Within a realistic framework, programs must spread, and scale up, to address the vast, and growing need.Street Children,Youth and Governance,Health Monitoring&Evaluation,Children and Youth,Primary Education
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