Which of the following are the trends in International Industrial Relations System ? (a) MNCs try to…
In the era of globalization, critical scholarship on International Industrial Relations observes all four trends among Multinational Corporations (MNCs): pressuring host…
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Which of the following are the trends in International Industrial Relations System ?
(a) MNCs try to cultivate centralised ethnocentric approach to the extent of pressurising the national Governments to bring out unprecedented economic and labour reforms.
(b) MNCs aspire for hassle free business climate and for this, adopt the practice of replacing expensive labour with cheap labour through outsourcing.
(c) MNCs promote individual centric Human Resource policies to keep trade unions at bay.
(d) MNCs act like ‘octopus’ . Nations, trade unions and other actors of Industrial Relations only grapple with the unfathomable strength of MNCs.
Answer and explanation
Correct answer D
In the era of globalization, critical scholarship on International Industrial Relations observes all four trends among Multinational Corporations (MNCs): pressuring host governments for labour market deregulation and reforms (a), outsourcing production to low-wage locations for a hassle-free business climate (b), adopting individualized HRM practices to keep trade unions at bay (c), and wielding vast transnational economic power across nation-states (d).
Practice for these exams
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UGC NET HRM / Labour Welfare and Industrial Relations