From the TUC

Labour market freedom: ours and theirs

21 Sep 2011, by in International

A press release landed in my in-tray today, publicising this year’s edition of the Institute for Economic Affairs’ report on the Economic Freedom of the World. It’s essentially a narrative around an index that is made up of such items as ‘size of government’, ‘sound money’ and ‘business regulations’ and one component of this freedom index is ‘labour market regulation’.

The UK, apparently, is the 21st most free country in this respect. Who does better than us? Well it seems we need to catch up with Bahrain , Montenegro, Fiji, Burundi, Jordan and Haiti – which, of course, is the freest country in the world in this regard. (The links are to entries in the International Trade Union Confederation’s latest annual Survey of Violations of Trade Union Rights)

2 Responses to Labour market freedom: ours and theirs

  1. Robbie Spence
    Sep 26th 2011, 12:29 pm

    Interesting. Is the Institute for Economic Affairs a neo-liberal organisation? I found the overall scores on Economic Freedom (below) on the front page of their website but can’t find the ‘labour market regulation’”top” scorers that you refer to. Do you have a reference to this bit?
    [“In this year’s index, Hong Kong retains the highest rating for economic freedom, 9.01 out of 10. The other nations among the top 10 are: Singapore (8.68); New Zealand (8.20); Switzerland (8.03); Australia (7.98); Canada (7.81); Chile (7.77); United Kingdom (7.71); Mauritius (7.67); and the United States (7.60).”]

  2. Richard Exell

    Richard Exell
    Sep 26th 2011, 3:02 pm

    Hi Robbie,

    If you follow the link in the posat to the report, you’ll find a table with a break down for the different elements of their index, including that for labour market regulation, which gives each country’s place in the ranking.

    Neo-liberal isn’t really a term of science, but, yes, I think oif the IEA as neo-liberal.