Reforming the labor market in a liberalized economy

Description

Reforming the Labor Market in a Liberalized Economy examines policies and regulations that balance the needs of capital and labor. It points to the strong need for regulatory and institutional reforms that would maximize the efficiency and production of Latin America's labor market. Specifically, countries must define what should be covered by legal regulations and what should be left to negotiation between management and labor.

In addition, countries must produce a transparent atmosphere that depoliticizes contract disputes and negotiations. Finally, they must reform and strengthen institutions responsible for labor policies.

. Reforming the Labor Market describes the legal framework and the customs and procedures that regulate labor relations in four Latin American countries: Brazil, Chile, Uruguay and Venezuela.