chapter  2
22 Pages

Labour Markets In Theory And Practice: Perspectives From Western Industrial Countries

Introduction The aim of this chapter is threefold. First, it outlines perspectives, concepts, and theories of the labour market. This draws mainly on literature and insights which have been derived from a long history of labour market analysis in advanced industrial countries, mainly the US and Europe. Second, it sets these theories and insights against the historical and contemporary situation in such countries, drawing out broad stylized facts. Third, the intention is to provide background for the other chapters in the volume, which consider labour markets in Asian countries. From the outset, however, it should be stated that the intention is not to impute Western models or trajectories for these countries, but rather to suggest a basis of ideas for comparisons. Though there may be some convergent trends in terms of the direction of travel, many diversities remain.