Belize employers and trade unionists sharpen their skills in macroeconomics as part of Decent Work Agenda

Representatives of the Belize Chamber of Commerce and Industry (BCCI) and the National Trade Union Congress of Belize (NTUCB) recently benefited from an International Labour Organization training workshop on "Understanding Key Concepts in Economics and Finance: A Course for Trade Unionists and Employers in the Caribbean."

News | 03 March 2011
Representatives of the Belize Chamber of Commerce and Industry (BCCI) and the National Trade Union Congress of Belize (NTUCB) recently benefited from an International Labour Organization training workshop on "Understanding Key Concepts in Economics and Finance: A Course for Trade Unionists and Employers in the Caribbean." The workshop was held on 15-17 February 2011 at the BCCI's McField Centre, Belize City. Officials of the Labour Department were also invited to participate.

The aim of the workshop was to familiarize participants with the operations of the macroeconomic environment of the Caribbean countries and to upgrade the skills of the participants in macroeconomic analysis while providing information to assist in wage/salary negotiations, among other tools.

The workshop is an output of the Decent Work Country Programme for Belize which aims at strengthening the capacity of the BCCI and NTUCB members to engage in negotiations and processes related to national policy development.

The training was facilitated by Dr. Andrew S. Downes who is a Professor of Economics and Director of the Sir Arthur Lewis Institute of Social and Economic Studies, at Cave Hill Campus University of the West Indies, Barbados. Topics covered included macroeconomic measurement, macroeconomic relationships and policy, labour market analysis and economic aspects of wage/salary negotiations.

Participants were high in praise of the training received citing that it had improved their understanding of negotiation issues and how economics and labour related to each other. They also applauded the inclusion of World and Caribbean examples, which gave life to the economic concepts and tools that were imparted.