 The United KingdomRupert Griffin and Denis Gregory Chapter 17 in Minimum Wages, Collective Bargaining and Economic Development in Asia and Europe, 2015, pp 307-324 from Palgrave Macmillan Abstract: Abstract As one of the first countries to both industrialize and de-industrialize, the United Kingdom provides a good case study of the labour market consequences of such a change. Moreover, many of the characteristics attendant on the shift towards an economy where the service sector provides the dominant share of both GDP and employment have subsequently also shown up in other mature industrial nations. The impact of the Great Recession on the UK economy was, it seems, exacerbated by the disproportionate size and influence of the banking and financial services sector which accounted for around a fifth of GDP in 2012. Recently, this has called into question the viability of the de-industrialization policy followed by successive governments over the last 40 or so years. Moreover, as we will show, from the standpoint of securing a fairer distribution of income and wealth, the macroeconomic policy changes introduced since the late 1970s have had the opposite effect. Keywords: National Health Service; Trade Union; Collective Bargaining; Union Membership; Great Recession (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-51242-0_17 Ordering information: This item can be ordered from Access Statistics for this chapter More chapters in Palgrave Macmillan Books from Palgrave Macmillan |
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