Global political economy and HRM within global turbulence

This chapter explores how the global economic crisis has impacted upon work and the HR function since 2008. How different kinds of businesses and governments respond to global turbulence in terms of their human resource planning, strategies and decisions is considered, and how managers, organisations and workers have reacted to such conditions are evaluated. Heterodox alternatives are posed which are often overlooked in traditional HR thinking and the effect of the crisis upon organisations and thus the strategic importance of HRM among them is also examined