EU sources -Impact IMF-policy on inequality assessed -May 13, 2014

In the International Trade Union Confederation (ITUC) congress papers a critical assessment of the International Monetary Fund (IMF) policy is made. The papers state that the IMF has received attention for its research documents which show that income inequality harms economic growth and stability.

In the International Trade Union Confederation (ITUC) congress papers a critical assessment of the International Monetary Fund (IMF) policy is made. The papers state that the IMF has received attention for its research documents which show that income inequality harms economic growth and stability. However, the contributions of IMF researchers to the growing body of economic literature on the deleterious effects of inequality are undercut by the same institution’s actions in a number of countries to deregulate labour markets. The impacts have been dramatic, with collective bargaining coverage falling by as much 85% over a few years. According to the ITUC the IMF should support a restoration of collective bargaining rights that respect international principles and that encourage the use of sector or regional bargaining with the objective of achieving working-time reduction and new hiring agreements between unions and employers.

English: http://www.equaltimes.org/imf-and-inequality ...  

http://congress2014.ituc-csi.org/labour-market-deregulation?lang=en

http://www.imf.org/external/np/fad/inequality/

 

For more information, please contact the editor Jan Cremers, Amsterdam Institute for Advanced Labour Studies (AIAS) cbn-aias@uva.nl or the communications officer at the ETUI, Mariya Nikolova mnikolova@etui.org. For previous issues of the Collective bargaining newsletter please visit http://www.etui.org/E-Newsletters/Collective-bargaining-newsletter. You may find further information on the ETUI at www.etui.org, and on the AIAS at www.uva-aias.net.


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