Modern Capitalism

Privatization, Employee Ownership, and Industrial Democracy

Nicholas V. Gianaris

• Publisher: Praeger
• Year: 1995
• Print ISBN: 9780275952419
• eBook ISBN: 9780313022456
• Edition: 1
• Topic: Economics
• Subtopic: Economic Policy
• Index: Economics

The privatization revolution, profit or revenue sharing, and employee participation in enterprise decision making are some of the major characteristics of modern capitalism. Such features can be observed in almost all countries, including Western developed, Third World, and primarily ex-socialist countries. The diffusion of stock ownership, the promotion of economic and industrial democracy, and the globalization of production and finance present new challenges and opportunities and reflect important structural economic and political changes. This book examines all these issues and provides valuable information and suggestions for labor-management relations and international business cooperation.

Table of contents

• Contents
• Figures and Table
• Preface
• 1 Introduction
• 2 Development of Capitalism
• 3 The Public Sector Versus the Private Sector
• 4 Privatization in Developed Market Economies
• 5 Privatization in Ex-Planned and Planned Economies
• 6 Privatization in Developing Countries
• 7 Labor-Management Relations and Industrial Democracy
• 8 Employee Ownership and Participation
• 9 Shareholding and Democratic Capitalism
• 10 Internationalization of Modern Capitalism
• Notes
• Bibliography
• Index