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

Voskeritsian, Horen and Kornelakis, Andreas (2011) Institutional change in Greek industrial relations in an era of fiscal crisis. GreeSE papers (52). Hellenic Observatory, London School of Economics and Political Science, London, UK.

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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.

Item Type: Monograph (Working Paper)
Official URL:
Additional Information: © 2011 The authors
Divisions: Hellenic Observatory
Subjects: H Social Sciences > HC Economic History and Conditions
H Social Sciences > HD Industries. Land use. Labor
J Political Science > JA Political science (General)
J Political Science > JN Political institutions (Europe)
JEL classification: E - Macroeconomics and Monetary Economics > E6 - Macroeconomic Policy Formation, Macroeconomic Aspects of Public Finance, Macroeconomic Policy, and General Outlook > E66 - General Outlook and Conditions
H - Public Economics > H3 - Fiscal Policies and Behavior of Economic Agents > H30 - General
J - Labor and Demographic Economics > J5 - Labor-Management Relations, Trade Unions, and Collective Bargaining > J53 - Labor-Management Relations; Industrial Jurisprudence
Sets: Collections > Economists Online
Research centres and groups > Hellenic Observatory
Collections > GreeSE: Hellenic Observatory papers on Greece and Southeast Europe
Date Deposited: 03 Feb 2012 10:01
Last Modified: 14 May 2021 11:48

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