The System of Wage-Setting Japan

Seminar paper from the year 2002 in the subject Leadership and Human Resource Management - Miscellaneous, grade: 2.4 (B), University of Manchester (Manchester School of Management), language: English, abstract: How and to what extend do labour systems in general, and wage-setting mechanisms in particular, differ amongst the three biggest economies of the world, namely Japan, Germany, and the United States? Does the trend towards increasing trade liberation lead to pressure to harmonise different wage-setting systems? If so, what is the evidence for convergence?1 What impact could this have on the future of the labour systems of the so-called less flexible countries?