How useful is the Varieties of Capitalism VOC framework for

How useful is the Varieties of Capitalism (VOC) framework for explaining differences in employment relations? Use examples from at least two aspects of employment relations to support your answer (e.g. the role of trade unions, regulation practices, employment protection, employment contracts, the role of different stakeholders, employee involvement, training system, etc.).

Solution

Different types of capitalistic economy is liberal market economies and cordinated market economies

Those two types can be differentiated by the primary way in which firms coordinate with each other and other actors, such as trade unions.

In Industrial relation the owner cordinate with the workers , trade unions and other employers ovee the wage and productivity .CME have larger membership in the trade unions and empolyee unions.

Vocational training :- CME have specific skills that are tied to the firm or the industry their working in. In LME workers have more general skills