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  • Since the early 1980s, the worldwide expansion of product and capital markets has been cited as one of the singlemost significant factors driving the transformation of economic and social relations, both in industrialized countries as well as in the developing countries. Much of this process of economic transformation has been generated as a result of the conjunction of a set of changes in several mutually reinforcing, yet endogenous, factors. Policy makers could once meaningfully refer to an industrial relations system as being defined primarily at the level of a national or sub-national government jurisdiction. While researchers and policy makers still refer to the notion of an industrial relations system, the process of internationalization has clearly begun to erode the relevance of this concept at least in the sense of its traditional meaning.

Last update from database: 4/4/25, 4:10 AM (UTC)

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