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In the light of the Great Depression, most advanced economies adopted policies after the Second World War that strengthened the bargaining power of employees and
In the light of the Great Depression, most advanced economies adopted policies after the Second World War that strengthened the bargaining power of employees and labour unions. By contrast, after the golden age, the policies chosen weakened workers' bargaining power.
- Explain the reasons for these contrasting approaches.
- Discuss the possible role of weaker worker bargaining power in the run-up to the global financial crisis.
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