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Title: The Establishment of a Global Authority and a Single Framework for the Financial Products: Labour Policies and Economic Challenges
Authors: Panagopoulos, Athanasios
Type: Article
Subjects: FRASCATI::Social sciences::Economics and Business::Economics
FRASCATI::Social sciences::Other social sciences
Keywords: single regulated framework
labor policies
financial products
World Supervisory Authority
Issue Date: 4-Mar-2022
Publisher: Sciedu Press
Source: International Journal of Business Administration
Volume: 13
Issue: 2
First Page: 49
Last Page: 66
Abstract: Free markets (Laissez-faire) do not necessarily optimize the balance between work and the level of income and consumption. In incompletely informed markets, active labor policies can improve the balance between the unemployed and job vacancies, as well as income disruptions from uninsured work, increasing employment and production. This, in turn, increases the income of factors that are complementary to work: in fact, where work is the most important source of income for most individuals, however with political decisions, less weight may also be given to other income factors. This is especially true in societies with high wealth inequality, where active policies have less political support than passive policies, which increase the lack of earnings per unit of labor against other factors of production, or balance higher income from work with low productivity and non-working income. Consequently, in a unified and regulated framework, as proposed, and in which the money markets mainly tend towards perfection, "passive" labor policies tend to prevail, especially in societies where there is a higher than average, social wealth, but also less inequality of income from work. Otherwise, if there are inequalities in workers' incomes, in these markets, we need more "active" policies, which will support the production of income by other factors complementary to labor.
ISSN: 1923-4015
Other Identifiers: 10.5430/ijba.v13n2p49
Appears in Collections:Department of Accounting & Finance

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