Labour issues
I was watching this program yesterday on Headlines Today - dont remember what it was called. Vir Sanghvi and 2 other journalists were quizzing Mani Shankar Aiyar, and one of the questions posed to him was how the government could handle privatisation in the face of what the journalist mentioned as "labour issues".
My take on this: Two ways to do it. Either have a determined government to carry out such steps in spite of popular opposition - like Amma did (though she was forced to retract them all). Or provide the labour class sufficient opportunities outside the public sector, that are more attractive than their current jobs. Make it easier for entrepreneurs and MNCs to do business in the country. In other words, liberalize.
Hadnt quite thought of this when I started typing this post, but looks like I've concluded that liberalization of the existing private sector will help a government privatize its units.
My take on this: Two ways to do it. Either have a determined government to carry out such steps in spite of popular opposition - like Amma did (though she was forced to retract them all). Or provide the labour class sufficient opportunities outside the public sector, that are more attractive than their current jobs. Make it easier for entrepreneurs and MNCs to do business in the country. In other words, liberalize.
Hadnt quite thought of this when I started typing this post, but looks like I've concluded that liberalization of the existing private sector will help a government privatize its units.
posted by eV at 10:32 AM
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