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International HRM and the Global Economy
Chapter 4 of Human Resource Management in a Business Context
(3rd Edition 2007) by Alan Price - published by Cengage
Contents
Objectives
The purpose of this chapter is to:
- Outline positive and negative aspects of the globalization of trade and production that affect
human resource management
- Provide an overview of the HR implications of economic growth and stagnation
- Critically evaluate the importance of regional trading blocs and multinational companies in the
process of globalization.
- Highlight human resource issues specific to developing countries.
- Investigate the roles of supranational organizations such as the International Labour Organization
and the European Union regarding the management of people.
Sections
- Globalization
- International human resource management
- Trading blocs
- Economic growth and employment
- Multinationals and global competition
- Supranational organizations
Summary
Human resource management takes place within a business environment that is increasingly
global in its reach. Globalization is a hotly debated subject with many implications on
the practice of HRM, both within and between countries. The allocation of human resources
depends on comparative issues such as international competitiveness and productivity,
factors that are themselves dependent upon a wide range of variables. Foreign inward
investment and subcontracting can bring benefits in terms of increased employment
opportunities, earnings and economic development but this may be at the expense of
comparatively low pay, poor working conditions and denial of employment rights. However,
along with a trend towards reduction of trading barriers and encouragement of
international trade, there is an increasing call for worldwide regulation of labour
issues.
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Human Resource Management in a Business Context, 3rd edition
Human Resource Management in a Business Context provides an international focus on the theory and practice
of people management. A thorough and comprehensive overview of all the key aspects of HRM, including articles from HRM Guide and other sources,
key concepts, review questions and case studies for discussion and analysis.
More information and prices from:
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