• 00:01    |    
    Initial credits
  • 01:24    |    
  • 03:29    |    
    Labor market in Guatemala
  • 04:44    |    
    Labor market in New Zealand
  • 05:16    |    
    The transformation in New Zealand
  • 08:21    |    
    The dramatic shift away from the traditional system
  • 11:07    |    
    The new paradigm
  • 14:47    |    
    The Employment Contracts Act
  • 15:48    |    
    The role of the government
    • Minimum wage
    • Occupational health and safety standards
    • Procedural framework
  • 22:05    |    
    A new union focus
  • 23:35    |    
    Preview to New Zealand´s Employment Contracts Act
  • 31:50    |    
    Assessing the reforms
  • 33:28    |    
    The macro-economic front
  • 39:21    |    
    Lessons from New Zealand
  • 42:39    |    
    The sequence of reform
  • 43:16    |    
    End of lecture
  • 43:30    |    
    Final credits

Freedom at Work

New Media  | 19 de junio de 1999  | Vistas: 2244

About this video

Ruth Richardson describes the labor market and the way it is conducted in New Zealand. She compares it to Guatemala and states that the method of determining the terms of employment and labor in this country can be fatal to the desire of becoming a competitive nation. She also explains that the method of Guatemala focuses on collective bargaining while the New Zealand method focuses on the individual instead of the government. She talks about her country’s transition from having one of the most regulated wage systems to one of the most deregulated and also emphasizes on the role that the government should have regarding the labor market and the wage system; finally, she places New Zealand as a role model in which freedom is at work.


Freedom at Work
Ruth Richardson

Friedrich A. Hayek Auditorium
Universidad Francisco Marroquín
Guatemala, June 19, 1997

Digitization made by New Media - UFM. Guatemala, June 1997
Synopsis: Sebastian del Buey; synopsis reviser: Daphne Ortiz


Ruth Richardson is former minister of finance of New Zealand. She…


Nuestra misión es la enseñanza y difusión de los principios éticos, jurídicos y económicos de una sociedad de personas libres y responsables.

Universidad Francisco Marroquín