HR Topics



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.
Chapter 3   >  Chapter 5

Human Resource Management in a Business Context

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.
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