An Overview of Labor Welfare Measures in India in Response to Globalization

Sharmistha Bhattacharjee
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Sharmistha Bhattacharjee: Jaypee Institute of Information Technology, Noida

Journal of Developing Societies, 2015, vol. 31, issue 1, 66-76

Abstract: Globalization refers to complex economic networks of international competition, resource suppliers, and product markets. Most organizations achieve high performance within a complex and competitive global environment. Hence we can see it as a trend in which the economic, political, and cultural activities of people in different countries increasingly influence each other and become interdependent. With the change in the global labor market as a result of globalization, welfare measures are considered as a necessary investment that may save money in the long run and provide employers with a stable labor force. Labor welfare is part of social welfare both conceptually and operationally. It encompasses the state of well-being, happiness, satisfaction, conservation, and development of human resources. This article provides an overview of labor welfare in India.

Keywords: labour; welfare; capabilities; legislation; reforms (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:sae:jodeso:v:31:y:2015:i:1:p:66-76

DOI: 10.1177/0169796X14562942

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