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Economic changes since 1980’s

DEVELOPMENTS → 1Deregulation of financial markets 2 Privatization 3 Advances in computer technology 4 Asian tigers 5 Iron Curtain disappears ↓ 6 Global competition. Economic changes since 1980’s. DEVELOPMENTS → 1Deregulation of financial markets 2 Privatization

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Economic changes since 1980’s

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  1. DEVELOPMENTS → 1Deregulation of financial markets 2 Privatization 3 Advances in computer technology 4 Asian tigers 5 Iron Curtain disappears ↓ 6 Global competition Economic changes since 1980’s

  2. DEVELOPMENTS → 1Deregulation of financial markets 2 Privatization 3 Advances in computer technology 4 Asian tigers 5 Iron Curtain disappears ↓ 6 Global competition CONSEQUENCES A Need for efficiency→ flexible labor markets B structural changes C transition to market economies D rising export powers E global financial system F neglect of public interest, lay-offs Economic changes since 1980’s(match)

  3. DEVELOPMENTS → 1Deregulation of financial markets 2 Privatization 3 Advances in computer technology 4 Asian tigers 5 Iron Curtain disappears ↓ 6 Global competition CONSEQUENCES E global financial system F neglect of public interest, lay-offs B structural changes D rising export powers C transition to market economies A Need for efficiency→ flexible labor markets Economic changes since 1980’s(match) Combine “numbers” with “letters” using linking words for reason/consequence (RB p 66) E.g. The global financial system developed as a consquence of deregulation of financial markets.

  4. Vocabulary focus • Labour market / job market - the ________ and type of jobs that are ___________ in a particular place • Deregulation • ending or relaxing __________ laws • Labour market deregulation?

  5. Vocabulary focus • Labour market / job market - the number and type of jobs available in a particular place • Deregulation • ending or relaxing restrictive laws • Labour market deregulation – laws regulating labour markets and employment practices removed or relaxed → Flexible labour markets?

  6. Vocabulary focus • Labour market / job market - the number and type of jobs available in a particular place • Deregulation • ending or relaxing restrictive laws • Labour market deregulation – laws regulating labour markets and employment practices removed or relaxed → Flexible labour markets • CONSEQUENCES: - w_________ working conditions - unwelcome changes in employment patterns: un____ed, p_____-____e, c_____l jobs non-u________d workers

  7. Vocabulary focus • Labour market / job market - the number and type of jobs that are available in a particular place • Deregulation • ending or relaxing restrictive laws • Labour market deregulation – laws regulating labour markets and employment practices removed or relaxed → Flexible labour markets • CONSEQUENCES: - worsening working conditions - unwelcome changes in employment patterns: unskilled, part-time, casual jobs non-unionized workers

  8. LABOUR RELATIONSorINDUSTRIAL RELATIONS • Employers vs. __________ • Management vs. ___________ • Management vs. unions: a) labour unions b) trade unions

  9. LABOUR RELATIONSorINDUSTRIAL RELATIONS • Employers vs. employees • Management vs. employees • Management vs. unions: a) labour unions b) trade unions What are labour unions or trade unions? What do they do? What can they do when dissatisfied?

  10. Trade / labour unions: 1. Negotiate over 3 main issues: F_ _ _ wages R_ _ _ _ _able working hours S_ _ _ working conditions Collective bargaining

  11. Trade / labour unions: 1. Negotiate over 3 main issues: Fair wages Reasonable working hours Safe working conditions 2. Defend workers with individual grievances 3. Take industrial action: - strike, go-slow (slowdown), picketing, working-to-rule → RB, p 41: I & III, IV, II Collective bargaining

  12. Provide opposites – labour market conditions white-collar worker permanent job skilled worker job security flexible labour market employment upturn economic recession regulation a growing gap a widening gap a reversible process stability stable

  13. Ta-taaaa: white-collar worker permanent job skilled worker job security flexible labour market employment upturn economic recession regulation a growing gap a widening gap a reversible process stability stable blue-collar worker temporary job unskilled worker job instability stable labour market unemployment downturn economic recovery deregulation a decreasing gap a narrowing gap an irreversible process instability unstable → RB, p 42, 1b

  14. R, p 42 1cDenis MacShane on trade unions: • The role of unions: • Voice for the __________ of workers • P__________ & e_____________ role • Govt. and companies should: • ___________ unions • ___________ unions as _________

  15. Denis MacShane on trade unions: • The role of unions: • voice for the interest of workers • political & economic role • Govt. and companies should: • encourage unions • accept unions as partners Complete the sentences in ex. 2

  16. dismiss, fire, boot, bounce, can, discharge, drop, sack • These verbs mean to terminate the employment of: was dismissed for insubordination; was booted for being late; afraid of being bounced for union activities; wasn't canned because his uncle owns the business; resort workers discharged at the end of the season; was dropped for incompetence; was fired unjustly; a reporter sacked for revealing a confidential source.Read more: http://www.answers.com/topic/dismiss#ixzz2EuEQYXHs lay off, make redundant, let go • What are the most common reasons for firing people? • Which company departments are responsible for dismissing staff? • How does the procedure for dismissing staff work? • Can you think of any unusual ways to fire people? • → RB, p 43 – Reading HW: read pp 44-45

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