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Macroeconomics

There is intense debate regarding the impact that industrial relations exerts on macroeconomic performance. For example, some people say that the key to the success of the Japanese economy is the industrial relations system in that country.

Describe three ways industrial relations might affect a country's macroeconomic performance (GNP growth). Then suggest how you could empirically test one of the ways industrial relations exerts such effects.

Finally, based on your own knowledge of comparative industrial relations, to what extent and how do you think industrial relations affects macroeconomic performance?

Solution Preview

Three ways in which industrial relations affects a country's macroeconomic performance is important. This includes the social sciences, problem solving abilities of management and ethics. Social sciences consist of understanding various employment practice issues that is conducted through much research. Problems solving includes how one makes choices on a regular basis. If they are decisions that can help or hurt the company, or if there is some level discrimination involved when ...

Solution Summary

This solution discussed the debate of impact that industrial relations exerts on macroeconomic performace, described three ways industrial relations might affect a country's macroeconomic performance with suggestions how you could empirically test one of teh ways industrial relations exerts such effects, and provided an opinion to what extent one things industrial relations affects macroeconomic performance.

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