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Competitiveness and labour regulations
- Source: CEPAL Review, Volume 1998, Issue 65, Oct 1998, p. 71 - 84
- Spanish
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- 13 Oct 1998
Abstract
This article analyses the relations between the competitiveness of an economy and the labour regulations in force in it. It is argued that economic theory is not conclusive regarding the impact of labour regulations on competitiveness, since different schools of thought maintain opposing positions in many respects. Moreover, empirical research has shown that the information provided with respect to these assumed linkages is not very relevant Various policy consequences follow from this: countries have a variety of strategies at their disposal and greater leeway that is usually suggested, since many policies aimed at improving equity do not necessarily involve any restrictions on competitiveness.
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