The document discusses the limitations of the traditional paradigm of industrial relations and employment regulation. It argues a new paradigm is needed to address the decline of trade unions, changes in production strategies, and dualism in labor markets. Specifically: - The traditional model focused on interactions between workers, employers and the state, relying on collective bargaining, but trade union membership and influence have declined. - It operated at the national and company levels but did not account for multinational corporations or new forms of employment. - Existing weaknesses, like lack of representation for some groups, were exacerbated by economic and political shifts since the 1970s. - A new approach is required that considers developments at the margins of the old