Globalisation and multinational corporations (MNCs) significantly impact world trade and labour markets. Trade union representatives need to understand eco
Topic Synopsis
Globalisation and multinational corporations (MNCs) significantly impact world trade and labour markets. Trade union representatives need to understand economic relationships, international financial institutions, and strategies to address MNC influence.
Key Concepts & Core Principles
- The legal framework for trade unions in the UK, including the Trade Union and Labour Relations (Consolidation) Act 1992 and the Employment Relations Act 1999, which define union rights, recognition, and the role of reps.
- The core duties of a trade union representative: recruiting and organising members, representing individuals in grievances and disciplinaries, and negotiating with employers on collective issues.
- Understanding the ACAS Code of Practice on disciplinary and grievance procedures, and how reps must ensure fair process and natural justice for members.
- Effective communication and advocacy skills, including active listening, questioning techniques, and presenting cases clearly in meetings and hearings.
- The importance of confidentiality, data protection (GDPR), and maintaining trust with members while balancing obligations to the union and employer.
Exam Tips & Revision Strategies
- Use examples of MNCs to illustrate their role.
- Link financial institutions (e.g., IMF, World Bank) to development outcomes.
- Focus on collective bargaining and solidarity strategies.
- Use current examples of multinational companies.
- Understand key institutions like IMF, World Bank, WTO.
- Consider both benefits and drawbacks of globalisation.
- Use current examples of multinational companies to illustrate points.
- Link trade union strategies to real-world campaigns.
Common Misconceptions & Mistakes to Avoid
- Confusing globalisation with internationalisation.
- Overlooking the negative impacts of MNCs on local economies.
- Failing to propose practical trade union strategies.
- Overlooking the negative impacts of multinationals on local economies.
- Failing to provide specific examples of trade union strategies.
- Oversimplifying globalisation as just increased trade.
Examiner Marking Points
- Understand the basic economic relationships of globalisation.
- Explain the role of key international financial institutions in development.
- Describe the role of multi-national companies in world trade.
- Understand trade union strategies to deal with multinationals.
- Explains basic economic relationships in globalisation.
- Describes the role of key international financial institutions.
- Analyses the role of multinationals in world trade.
- Identifies trade union strategies for dealing with multinationals.