Dynamics of Wage Fixation in a Developing Economy: The Case of Papua New Guinea

ISBN: 1604565179

Category: Business

Tag: Economics and Finances


Posted on 2009-11-13. By anonymous.

Description


Dynamics of Wage Fixation in a Developing Economy: The Case of Papua New Guinea
Publisher: Nova Science Publishers | ISBN: 1604565179 | edition 2008 | PDF | 154 pages | 12,6 mb

This book is a microcosm of issues of minimum wage determination in developing countries examined in the context of Papua New Guinea (PNG). With provision of parallels, it discusses the critical issues, process, and actors involved in determination of minimum wage. Like most governments in developing countries obsessed with economic development, the critical issue for the PNG government has been to ensure that wage levels and the wage structure harmonise as far as possible with the national development aspirations and on the other hand, social objectives are maintained through the prevention of exploitation of workers. Although, the twin issues of economic efficiency and social equity have not been easily compatible, this book's testimony of experiences in accommodating the issues has been the most challenging for PNG. The challenges faced and lessons learnt in determining and regulating minimum wage would reflect similar experiences for many developing countries.

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