Dynamics of Wage Fixation in a Developing Economy: The Case of Papua New Guinea

Imbun, Benedict Y.

ISBN 10: 1604565179 / ISBN 13: 9781604565171

Published by Nova Science Pub Inc, 2011

About this Item

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Seller Inventory # ABBB-118875

Bibliographic Details

• Title: Dynamics of Wage Fixation in a Developing Economy: The Case of Papua New Guinea
• Publisher: Nova Science Pub Inc
• Publication Date: 2011
• Language: English
• ISBN 10: 1604565179
• ISBN 13: 9781604565171
• Binding: Hardcover
• Condition: New

About this title

Synopsis

This book is a microcosm of issues of minimum wage determination in developing countries examined in the context of Papua New Guinea (PNG). With provision of parallels, it discusses the critical issues, process, and actors involved in determination of minimum wage. Like most governments in developing countries obsessed with economic development, the critical issue for the PNG government has been to ensure that wage levels and the wage structure harmonise as far as possible with the national development aspirations and on the other hand, social objectives are maintained through the prevention of exploitation of workers. Although, the twin issues of economic efficiency and social equity have not been easily compatible, this book's testimony of experiences in accommodating the issues has been the most challenging for PNG. The challenges faced and lessons learnt in determining and regulating minimum wage would reflect similar experiences for many developing countries.