International Journal of Management and Business Studies

International Journal of Management and Business Studies ISSN 2167-0439 Vol. 13 (5), pp. 001-005, May, 2024. Available online at www.internationalscholarsjournals.org © International Scholars Journals

Review

The Contested Terrain of Global Social Policy: Economic Liberalism Versus Social Responsibility

Abhishek Gupta

Administrative-cum-Accounts Officer and Head of Office Sardar Swaran Singh National Institute of Renewable Energy (Ministry of New and Renewablee Energy, Govt. of India) Wadala Kalan, Kapurthala-144601 (Punjab) Email: [email protected]

Accepted 03 November, 2023

Welfare of labor is an important aspect today which we cannot ignore if we want progress of our industry. It is essential to make safety and other welfare arrangements for labour. Freedom from want and security against economic fearr is the minimum that has to be secured to its people in the country. The role of International Labour Organization in certain standards of social insurance has been significant. Social security is the security that the State furnishes against the risks which an individual of small means cannot, today, stand up to by himself even in private combination with his fellows. The quest for social security and freeddom from want and distress has been the con sistent urge of man through the ages. The Government and the factory owners must fully understand the labor psychology and a change in their outlook and attitude is desired to secure the industrial peacee. Nothing should be done under threat but on a clear unnderstanding that whatever is good and is due to the labor, must be given. Industry owners should treat the workers as co-partners. Similarly, workers in the country must understand fully that if they desire to secure their due place in the industrial econom y of the country they must think more in terms of respon sibilities and duties and not interpret independence for impertinence and liberty for license. Sabotage and violence of all kinds and bitterness in thought, word and deed must be eschewed. Then alone a socialisst Democracy is possible in this country and inddustrial relations of a higher order can be maintained for the benefit of the country and the community.

Keywords: Labour welfare, Social seccurity, globalizing economy