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Scenarios for industrial relations: Sweden evolves a new consensus
Affiliation:1. School of Business and Economic Studies, Universidad Icesi, Cali, Colombia;2. College of Business and Economics, Boise State University, Boise, ID, United States;3. College of Business, Alfaisal University, Saudi Arabia
Abstract:The consensus approach to industrial relations has served Sweden well for 30 years in achieving industrial peace, thus enabling the economy to thrive. In recent years the consensus approach has broken down in three important areas, namely the worker funds, the law on co-determination at work and in pay negotiations. The causes of the breakdown are analysed and possible future developments are discussed with some reference to the political and economic background. The author charts the major trends and develops a number of scenarios for the future.
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