Всего публикаций в данном разделе: 3
Опубликовано на портале: 05-11-2008Andrei Shleifer, Robert W. Vishny
Cambridge, Mass: Harvard University Press, 1998, 288 с.
In many countries, public sector institutions impose heavy burdens on economic life: heavy and arbitrary taxes retard investment, regulations enrich corrupt bureaucrats, state firms consume national wealth, and the most talented people turn to rent-seeking rather than productive activities. As a consequence of such predatory policies--described in this book as the grabbing hand of the state--entrepreneurship lingers and economies stagnate. The authors of this collection of essays describe many of these pathologies of a grabbing hand government, and examine their consequences for growth. The essays share a common viewpoint that political control of economic life is central to the many government failures that we observe. Fortunately, a correct diagnosis suggests the cures, including the best strategies of fighting corruption, privatization of state firms, and institutional building in the former socialist economies. Depoliticization of economic life emerges as the crucial theme of the appropriate reforms. The book describes the experiences with the grabbing hand government and its reform in medieval Europe, developing countries, transition economies, as well as today's United States.
Privatizing Russia [книги]
Опубликовано на портале: 05-11-2008Andrei Shleifer, Robert W. Vishny, Maksim Boycko
Cambridge, Mass: MIT Press, 1995, 175 с.
Privatizing Russia offers an inside look at one of the most remarkable reforms in recent history. Having started on the back burner of Russian politics in the fall of 1991, mass privatization was completed on July 1, 1994, with two thirds of the Russian industry privately owned, a rapidly rising stock market, and 40 million Russians owning company shares. The authors, all key participants in the reform effort, describe the events and the ideas driving privatization. They argue that successful reformers must recognize privatization as a process of depoliticizing firms in the face of massive opposition: making the firm responsive to market rather than political influences. The authors first review the economic theory of property rights, identifying the political influence on firms as the fundamental failure of property rights under socialism. They detail the process of coalition building and compromise that ultmately shaped privatization. The main elements of the Russian program —corporatization, voucher use, and voucher auctions—are described, as is the responsiveness of privatized firms to outside investors. Finally, the market values of privatized assets are assessed for indications of how much progress the country has made toward reforming its economy. In many respects, privatization has been a great success. Market concepts of property ownership and corporate management are shaking up Russian firms at a breathtaking pace, creating powerful economic and political stimuli for continuation of market reforms. At the same time, the authors caution, the political landscape remains treacherous as old-line politicians reluctantly cede their property rights and authority over firms
Опубликовано на портале: 16-12-2009Stella Vettori
Aldershot: Ashgate, 2007, 198 с.
How is the contract of employment to remain relevant in the changed world of work? Stella Vettori brilliantly shows that the implied duty of good faith is the ideal vehicle for adapting the contract to changing conditions. Mr Justice A A Landman High Court of South Africa. In light of the global decline in trade unions other means of protecting legitimate worker interests are explored. These include: (i)The socialisation of the law of contract; (ii)the constitutional right to fair labour practices; and (iii)the role of good corporate governance and corporate social responsibility. The conclusion arrived at is that these alternative means of addressing legitimate worker interests could play a valuable role in filling the vacuum left by the worldwide decline of trade unions. The world of work has undergone major changes in the last two decades. This book examines these changes in their international context. It is argued that collective bargaining should no longer be viewed as the most important means of regulating the employment relationship. In the changed world of work such an approach is becoming less relevant. Instead, other means of protecting legitimate worker interests are explored. These include: an adaptation and extension of the general principles of the law of contract; a constitutional right to fair labour practices; and the pursuit of good corporate governance and corporate social responsibility. The conclusion is that these alternative means of addressing legitimate worker interests can play a valuable role in filling the vacuum left by the worldwide decline of trade unions.