A Critical Analysis on Globalization, Labour Market & Welfare State

SYNOPSIS

Globalization, Labour Market and Welfare State are those factors which have redlined the
Indian Economy.Socialism is a concept which goes corresponding to the Indian economy.
Socialism in India advocates that the means of production, distribution, and exchange should be
owned or regulated by the community as a whole.Globalization is an unexpected invitee to the
Indian economy. Industrial relations are a multidisciplinary field that studies the
employment relationship.Globalization has redefined the industrial relations in India. Socialism
in India provided an economic security to those small scale industries in India coping up with
competition from an opened economy.India has adopted socialist strategies for embarking upon
globalization. One among them is modern day welfare legislations. Welfare legislations gained
momentum as globalization necessitated to address the issue social security of modern industrial
relations in India.

India has been strategic in dealing with the idea of labour market.Labour markets function
through the interaction of workers and employers. Labour economics looks at the suppliers
of labour services (workers), the demands of labour services (employers), and attempts to
understand the resulting pattern of wages, employment, and income. Socialism standing within
the square of labour market tries to address conscious coordination and alteration of the
division of labour.Socialism transforms reduced efficiency and authoritarian suppression of
difference. Thus develops socialist economic coordination enabling development without
suppressing positive differences.

Labour market necessitated the Welfare State to draw an interrelation between Industrial
relation and social security. Today for example, we have legislations regulating Sexual
Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, Equal
Remuneration Act etc., which mark examples of an interrelation between Industrial relation and
social security. The need for a critical analysis with respect to the correlation between
Globalization, Labour Market, and Welfare State arises here.
 RESEARCH OBJECTIVE

The nature and scope of objective is defined on a critical basis. A critical analysis of
Globalization, Labour Market, and Welfare State is very important in the modern day. The
correlation between these three variables determines the positive and normative aspects of the
modern day industrial jurisprudence.

1. To analyse the nature of industrial relations in the modern day.

2. To determine the scope and limitation of social security guaranteed to a labour.
3. To analyse as to how the correlation between Globalization, Labour Market, and Welfare
legislations keeps the industry on its wheels.

Therefore, the objective sought to be achieved derives its force from the level of analysis from
the economic and social perspective of the modern day industrial relations.

RESEARCH QUESTION

1. How Industrial Jurisprudence drives the Welfare State & Welfare legislation?
2. What incidents within the Industrial activities propounded for a Welfare legislations?
3. India is a Welfare State! How far have been Welfare legislations successful?

RESEARCH METHODOLOGY

The method of research followed is doctrinal form of research. The modus of operation is based
from various data sources available. The research is basically systematic, thorough and
undergoes a rigorous process of investigation into the field of industrial relation and how it is
influenced by the variables such as Globalization, Labour Market, and Welfare legislations.
 TENTATIVE CHAPTERISATION
1. Introduction
2. Key Words
a. Globalization
b. Industrial Relation
c. Socialism
d. Social Security
e. Labour Market
f. Welfare State & Welfare Legislation
3. India as a Welfare State.
4. Comparison with Nation States.
a. India and China
b. India and US
5. Conclusion

BIBLIOGRAPHY

PRIMARY SOURCES

The Bonded Labour System (Abolition) Act, 1976.

The Child Labour (Prohibition and Regulation) Act, 1986.
The Equal Remuneration Act, (1976).
The Minimum Wages Act, 1948.
Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act,
2013.
The Unorganized Workers Social Security Act, 2008.

SECONDARY SOURCES

Labour and Industrial Laws(2015), Universal Law Publishing Company, New Delhi.
Part II Social Security Legislations, Prof. K. M. Pillai, Labour & Industrial Laws (2015,
16th Edition), Allahabad Law Agency.
Part III Economic and Welfare Legislations, Prof. K. M. Pillai, Labour & Industrial Laws
(2015, 16th Edition), Allahabad Law Agency.
Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act,
2013.Dr. H.K. Saharay, Labour and Industrial Law, 6th Edition, 2014, Universal
LawPublishing Co., New Delhi.
Prof. Dr. Rattan Singh, Legal Research Methodology, (2013, 1 st Edition) LexisNexis,
Haryana.
 WEBLIOGRAPHY

www.credoreference.com
www.manupatra.com
www.scconline.com
www.westlaw.com

R.Faheem Abdul Wahab

BA0130020