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  • Financial Crises, Deflation and Trade Union Responses: What Are the Lessons?

Financial Crises, Deflation and Trade Union Responses: What Are the Lessons?

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During the current Great Recession, many observers have made references to the Great Depression, deflation in Japan in the 1990s, the Asian crisis of 1997-98, and other economic crises of recent decades. But what are the actual parallels that can be drawn and real lessons to be learned? This journal takes an in-depth look at these historical events and their relevance to the current crisis, with a particular focus on the labor markets and trade unions. The issue's final article makes clear-headed, insightful assessment of the state of labor at this stage of the Great Recession, and outlines the possible scenarios we can expect going forward.
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