Institutional change in Greek industrial relations in an era of fiscal crisis

Horen Voskeritsian and Andreas Kornelakis

LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library

Abstract: The main aim of this paper is to contribute to the ongoing debate on the facets of the Greek crisis via an analysis of the changes in the institutional framework of the labour market that are introduced as a result of the EU/IMF mechanism for financial support. The paper tries to make sense of the immense transformation in the Greek industrial relations system and to evaluate the direction of change, using insights from the varieties of capitalism literature. In this strand of literature it is well established that the comparative institutional advantage and high economic performance of a country depends on its overall institutional arrangement and the fit between different institutions (including the industrial relations sphere). Thus, it is important to examine the current injection of liberal market elements in the Greek industrial relations realm vis-a-vis the wider institutional context. This will allow us to guage the suitability and chances for the implementation of IMF's 'one-size-fits-all' policies.

Keywords: austerity; crisis; Greece; industrial relations; varieties of capitalism (search for similar items in EconPapers)
JEL-codes: E66 H30 J53 (search for similar items in EconPapers)
Pages: 31 pages
Date: 2011-11
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (26)

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http://eprints.lse.ac.uk/41758/ Open access version. (application/pdf)

Related works:
Working Paper: Institutional Change in Greek Industrial Relations in an Era of Fiscal Crisis (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:ehl:lserod:41758

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