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The Impact of Labour Market Crisis on Developing Economics the Nigeria Experience (1980- 2010)

THE IMPACT OF LABOUR MARKET CRISIS ON DEVELOPING ECONOMICS THE NIGERIA EXPERIENCE (1980- 2010)


ABSTRACT

This research work tries to investigate the impact of labour market crisis in developing economics using Nigeria as a case study .Using Nigeria as a case study. Using ordinary least square the study shows that there is a negative relationship between labour market crisis and economic growth; Also inflation was found to reduce production output and economic growth. Based on these findings this study recommends that government should apply reconciliation technique with labour unions so that production output would not be affected also policies such as unemployment benefit and reduction in wage inequality should be applied.


CHAPTER ONE

1.1 Background Of The Study

The Nigeria labour market in recent years has experienced problems such as strikes, unemployment and reduction in productivity.

Labour conflict is a phenomenon that most often takes the form of strikes [where they are permitted] or, as in the public sector in the united states the arbitration procedures. In the United states arbitration is frequently used in the public sector when strikes are forbidden. The arbitrators are generally experts picked by the employers and unions following a procedure setout by the government.

Unemployment is one of the developmental problems that face developed and mostly developing economics of which Nigeria constitute 2/3 [two third] of the population of developing countries. During the last 30 years, the industrialized countries have evolved in different directions with respect to unemployment.


CHAPTER TWO

2.0 Literature Review

2.1 Introduction

The review of relevant literature is the main topic of this chapter. A literature review covers theoretical and methodological contributions to a certain issue in addition to the state of knowledge at the time of writing. It provides information about the state of the art in relation to the subject you are writing about. It examines the body of work on the chosen subject. The literature evaluation in this study comprises the …


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