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Globalization & Changing Industrial Relations in Taiwan's Banking Industry.

Indian Journal of Industrial Relations 2010, April, 45, 4

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Changing Industrial Relations System Over the past two decades, Taiwan's economy has become more open and liberalized due to the influence of globalization of the world economy. The opening up and liberalizing of Taiwan's economy has not only affected its industrial structure but also the composition of its workforce and industrial relations system. In terms of the industrial structure, Taiwan's labor-intensive industries quickly relocated their production facilities abroad during the late 1980s, mainly to mainland China and other Southeast Asian countries, in order to take advantage of the low labor costs. Those that stayed behind rapidly upgraded themselves into high-tech or other high value-added industries as well as knowledge-intensive service industries. Accompanying these changes were major shifts in employment from the agricultural and manufacturing sectors to the service sector and from blue collar production work to white collar professional, technical and clerical work. For example, the share of workers in the manufacturing sector declined from 32% in 1990 to 27.15% in 2009 while that in the service sector rose from 46.32% to 68.87% within the same period (Table 1). The share of workers employed as professionals rose from 5.15% of the overall workforce in 1990 to 8.88% in 2009, while those of technical workers and clerical workers rose from 11.63% to 21.10% and from 7.98% to 11.08%, respectively. Conversely, the share of production workers in the total workforce fell from 41.11% to 30.84% over the same period (Table 2).

Globalization & Changing Industrial Relations in Taiwan's Banking Industry.
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  • 2,99 €
  • Available on iPhone, iPad, iPod touch, and Mac.
  • Category: Finance
  • Published: 01 April 2010
  • Publisher: Shri Ram Centre for Industrial Relations and Human Resources
  • Print Length: 21 Pages
  • Language: English
  • Requirements: To view this book, you must have an iOS device with iBooks 1.3.1 or later and iOS 4.3.3 or later, or a Mac with iBooks 1.0 or later and OS X 10.9 or later.

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