Editorial: labour rights and the global economy
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ICTURG EDITORIAL Editorial: labour rights and the global economy Inbells movement recent of disquiet years has the consistently with international whatappeared sounded trade to union alarm be a movementhas consistently sounded alarm bellsof disquietwithwhatappearedto be a growing disconnection betweentheinternational financial systemand the real worldeconomy. Tinancialisation' was pickedup bya number of tradeunion reports, and in particular unions expressedconcernaroundtheexplosionofnew forms ofinvestment based on private equityand theactivities ofhedgefunds. Majorreports examiningtheseissueswere producedby the ITUC and IUF in 2007,and werecoveredin thisjournal at thetime. IUF even produceda website 'BuyoutWatch'to monitor and raiseawareness of private equityactivities and theimpactsthat thesecompanieswere havingon jobs and on economicstability. Whenthe collapse came the US 'sub prime' housingbubblebased on weak and unrecoverableloanswas blamedbymany as therootofthe crisis,thoughin retrospect thatparticular bad decision seems to share responsibility with a massivefailure offinancial regulation. Curiously many oftheneo-liberal economists whofor years arguedthattherewas too muchregulation are nowqueuingup toblamea lackofregulation for the troubles. Some see opportunities for a restructuring oftheworldeconomicsystem upon morejustand sustainable lines. The extentto which that mightbe possible holds out the promise ofsomesilver lining tothefinancial disaster .Butformanytradeunionmembers indifferent partsoftheworldand indifferent sectors and industries thedistant potential oftheoretical debateswill be a poor substitute forlostjobs, home repossessions, collapsingbusinesses,and deeplyuncertain months ahead. Theimmediate impact forsomeworkers areall too plainto see. Around theworldmajorcompaniesare readjusting their financial projections and sheddingjobs. Combinedwiththerecent hikesinfoodandcommodity prices thissituation is creating greatdifficulties formanyretrenched workers. Otherimpactsthatmayhave deeper and ultimately moreprofound impacts on workingpeoplefor yearsorevendecadestocomeare morehidden. IURhas invited leadingexperts to sharetheir perspectives on thelongandimmediateterm impacts they predict uponlabourrights. Canadian lawyer and labour historianEric Tuckerlooksback to theeconomicupheavalof the1920sand30swhichplayeda keyroleinsetting thestagefor theNewDeal institutions. Peter BakvisoftheITUCarguesthat thefailure ofprofessional economists topredict themassivecrisis is damning and calls fora reviewof theentire financial system. BarbaraWettstein of internationalbanking workers' unionUNIobserves that morethan150,000jobs have been lost in the financial services industrysince the credit squeeze began, and projectsfurther significant losses in the year ahead. In agreement with TUAC'sJohnEvans,Wettstein calls fora more effective financial regulatory system infuture. In Evan'sview'self-regulation hasbeen exposedas a fraud'. Christian Weilerand AmandaLogan from theCenterforAmerican Progress observe thatstronger worker rights might makeiteasier foreconomiesto recover, whilehelping prevent recurring financial fragility. At the same time, theynote,these rights will be underpressure from theprivate sector. Elsewherein thiseditionofIURwe return to one of themajorcomplaints of Europeantrade unionists overthepastyear, thatoftheseriesof judgements issued by the EuropeanCourtof Justice thathave undermined labourrights protections andwhichappeartohaverelegated fundamental socialrights to a secondtierbelowthe emerging Europeanfundamental humanright, theright to makeprofits. Daniel Blackburn,Editor INTERNATIONAL union rights Page 2 Volume 16Issue 1 2009 Next issue of IUR Articles between 850and1,900 words should besentbyemail (mail@ictur.org) andaccompanied bya photograph andshort biographical note oftheauthor. Photographs illustrating thetheme ofarticles arealways welcome. All items must bewith usby20th February 2009if they are tobeconsidered for publication inthenext issueofIUR. Subscribe toIUR: tosubscribe, complete theboxbelow. I/we would like tosubscribe toInternational Union Rights andenclose£20/US$30/€25. Name/Organisation Address PostCode Four issues£20/US$30/€25. Cheques should bemadepayable to"IUR" andsentto:ICTUR, 177Abbeville Road, London SW49RL, UK ...
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Scores Codex et Gemma par catégorie
| Catégorie | Codex | Gemma |
|---|---|---|
| Métarecherche | 0,001 | 0,000 |
| Méta-épidémiologie (sens strict) | 0,000 | 0,000 |
| Méta-épidémiologie (sens large) | 0,000 | 0,000 |
| Bibliométrie | 0,000 | 0,000 |
| Études des sciences et des technologies | 0,001 | 0,000 |
| Communication savante | 0,001 | 0,000 |
| Science ouverte | 0,001 | 0,000 |
| Intégrité de la recherche | 0,001 | 0,000 |
| Charge utile insuffisante (le modèle a refusé de juger) | 0,000 | 0,000 |
Scores machine (provisoires)
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