Social Partnership Benefits

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The purpose of this study is to highlight if Social Partnership and Social Partnership Agreement can benefit a country or region and to highlight the many possibilities of why this area may have failed in certain areas such as Jamacia and why it was it was so successful in Ireland.
Social Partnership can be defined as a tri or multi-partite arrangement involving employers, trade unions, public authorities (the state and/or local/regional authorities) and/or others (E.g. voluntary sector). Social partnership is usually concerned with areas of economic and social policy and might be based on a binding agreement or declaration of intent.
Copenhagen Centre for Partnership Studies, (2002) shows some social partnerships evolve as a product of local concerns, such as those focusing on localized skill shortages or concerns about unemployment. More typically, new partnerships are those that government and non-government agencies are intentionally enacting for specific policy purposes. Social partnership is important as it recognizes that trade unions have a shared interest in the success of a company because this is how secured jobs are delivered. It also recognizes that co-operation, not confrontation is the way forward. Additionally it recognizes that employees can only develop their own agenda through an independent trade union.
The realization of the importance of social partnership in developed and developing countries has proved to contribute tremendously to the growth of the economy. Social partnership should be taken seriously when being implemented into a country because this leads the way for opportunities for improved health care, high levels of productivity, trading, and increased pay and the level of education in...

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...ur, capital and government has allowed Barbados to continue to at least hold our own against the serve effects of the global recession.” The Honourable Reginald Farley wrote an article in May 15th 2000 about the experience of social partnerships in Barbados. He stated that the economy back then benefited from the social partnership. Statistics in his article said that unemployment declined from 24.3% in 1999 to 9.8% at the end of that year. According to him “productivity growth outstripped the growth in wages during the protocol period and facilitated economic growth.” The biggest challenges or disadvantage for Barbados with social partnership is that citizens may be reluctant to sacrifice. They may have become so comfortable with their living situation the present moment. They will not over look that these sacrifices will help weather economic and social challenges
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