ELEMENTS IMPACTS INDUSTRIAL RELATIONS Internationalisation of Increasing integration of global ACTORS markets economic activities -Trade Unions, Increase in competition Rising competitiveness Government Free movement of capital Relocation of economic ACTIONS/PROCESSES and labour across borders activities Collective Bargaining, due to less stringent Structural changes in the Industrial Actions, regulations. As a result, economy CONTEXT markets are Rapid technological -Political, Economic, internationalising, advancements and Technological competition is increasing, innovation OUTCOMES global markets are Knowledge society, -Scope of regulation of integrating and ICT networking, social capital working time, working promote networking. Labour market flexibility IMPACTS Informational globalisation Increasing labour migration -Productivity, job and through rapid development of Rise of atypical and non industrial peace and ICT standard employment forms Changes in working conditions and work content Job-skills mismatches, need for lifelong learning Some of the impacts of Globalisation Increasing international economic interdependence has affected traditional IR arrangements viz: Structurally changed & expanded marketplace, making possible information flows through tech. Tearing down traditional boundaries of the organisation. Foreign Direct Investment (FDI) allows MNCs to influence country, regional bodies trade policies and labour laws as they control assets in more than one country.
ELEMENTS Internationalisation of markets Increase in competition Free movement of capital and labour across borders due to less stringent regulations. As a result, markets are internationalising, competition is increasing, global markets are integrating and ICT promote networking. Informational globalisation through rapid development of ICT IMPACTS Increasing integration of global economic activities Rising competitiveness Relocation of economic activities Structural changes in the economy Rapid technological advancements and innovation Knowledge society, networking, social capital Labour market flexibility Increasing labour migration Rise of atypical and non standard employment forms Changes in working conditions and work content Job-skills mismatches, need for lifelong learning INDUSTRIAL RELATIONS ACTORS -Trade Unions, Government ACTIONS/PROCESSES Collective Bargaining, Industrial Actions, CONTEXT -Political, Economic, Technological OUTCOMES -Scope of regulation of working time, working IMPACTS -Productivity, job and industrial peace and Some of the impacts of Globalisation Increasing international economic interdependence has affected traditional IR arrangements viz: Structurally changed & expanded marketplace, making possible information flows through tech. Tearing down traditional boundaries of the organisation. Foreign Direct Investment (FDI) allows MNCs to influence country, regional bodies trade policies and labour laws as they control assets in more than one country.