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This book analyzes the adverse effects of globalization and liberalization - acutely manifest in the increased financialization of capital and the concomitant global financial crisis of 2008-09 - on the labour force, especially in the developing countries. Drawing upon case studies from several countries including India, Columbia, Malawi, Brazil and Thailand, it highlights the worsening plight of working class as a whole and informal labour in particular. The essays examine issues such as down-sizing, lowering of wages, insecurity and erosion of labour rights, and show how labour is...

This book analyses the adverse effects of globalisation and liberalisation manifest in the increased financialisation of capital and the concomitant global financial crisis on the labour force in different countries, especially the developing ones. It also critically re-assesses the role of informal sector in providing employment, and the potential of trade unions in protecting workers interests.