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Russian Unemployment And Enterprise Restructuring
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Book Synopsis Privatizing Russia by : Maxim Boycko
Download or read book Privatizing Russia written by Maxim Boycko and published by MIT Press. This book was released on 1997-01-22 with total page 180 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis Grime and Punishment by : Hartmut Lehmann
Download or read book Grime and Punishment written by Hartmut Lehmann and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Using information from two complementary household survey data sets, we show that the dominant form of labor market adjustment in the Russian transition process has been the delayed receipt of wages. More than half the workforce is experiencing some form of disruption to their pay. Wage arrears are found across the private, state and budgetary sector. Workers in the metropolitan center are less affected by delayed and incomplete wage payments than workers in the provinces. There is less evidence that individual characteristics contribute much toward the incidence of wage arrears, but the persistence of arrears is concentrated on a subset of the working population. We show that workers can only exercise the exit option of a job quit from a firm not paying wages in full or on time if the outside labor market is sufficiently dynamic.
Book Synopsis Kremlin Capitalism by : Joseph R. Blasi
Download or read book Kremlin Capitalism written by Joseph R. Blasi and published by Cornell University Press. This book was released on 1997 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt: Kremlin Capitalism provides a wealth of data and analyses not previously available. The authors articulate the political and economic goals of Russian privatization, examine the current ownership of the largest enterprises in Russia, and chart the challenges of corporate governance and restructuring in Russia's new corporations.
Book Synopsis The Russian Labour Market by : Vladimir Gimpelson
Download or read book The Russian Labour Market written by Vladimir Gimpelson and published by Rowman & Littlefield Publishers. This book was released on 2002-07-15 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt: Labour markets are a central element of any transition from planned economy to market-oriented system. This groundbreaking book examines the plight of Russian workers and employers during the first decade of post-Soviet reforms. The authors argue that higher-than-expected labour market flexibility early in the transition provided an important cushion for workers who would have been displaced with little recourse to social protection. However, over time, this flexibility reduced pressure for enterprise restructuring and accommodated policy drift. Although many workers were quite mobile, often this translated into a loss of human capital for older enterprises_even potentially viable ones_and to OchurningO in the labour market, accompanied by only limited restructuring. There was little job creation, labour hoarding persisted, and many workers saw their wages eroded by inflation and late payment of wages. The authors show this situation was largely the result of insufficient structural reforms, poor institutional development, and misplaced incentives. First providing an overview of the economic situation, key labour market trends, and the institutional situation during the 1990s, the book then reviews labour market dynamics. The authors assess changes in OoldO jobs at former state enterprises and evaluate OnewO job creation, mostly in private businesses. They examine the evolution of wages and the availability of social protection to workers. A special thematic section considers the political economy of labour market policy that brought the ORussian approachO to labour market adjustment to life. The conclusion presents an integrated picture of the Russian labour market in the aftermath of the early transition period and highlights the implications of the experience for current policy.
Book Synopsis Recharacterizing Restructuring by : Kerry Rittich
Download or read book Recharacterizing Restructuring written by Kerry Rittich and published by Martinus Nijhoff Publishers. This book was released on 2002-10-16 with total page 344 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the last decade, market-centered economic reforms have been implemented in a wide range of developing and transitional countries under the auspices of the international financial institutions. Whether or not they deliver the promised prosperity, they appear to be associated with widening economic inequality as well as disadvantage for particular social groups, among them women and workers. "Recharacterizing Restructuring" argues that such effects are neither temporary nor accidental. Instead, efforts to promote growth through greater efficiency inevitably engage distributive concerns. Change in the status of different groups is connected to the process of legal and institutional reform. Part I analyzes the place of law and institutional reform in current economic restructuring policies. Through post-realist legal analysis and institutional economics, it discusses the role of background legal rules in the allocation of resources and power among different groups. Part II traces how disadvantage might result for women in the course of economic reform, through an analysis of the World Bank's proposals for states in transition from plan to market economies. It considers such foundational issues as the place of unpaid work in economic activity, as well as the gendered nature of proposals to re-organize productive activity and the role of the state.
Book Synopsis Russia's Virtual Economy by : Clifford G. Gaddy
Download or read book Russia's Virtual Economy written by Clifford G. Gaddy and published by Brookings Institution Press. This book was released on 2002 with total page 322 pages. Available in PDF, EPUB and Kindle. Book excerpt: Clifford Gaddy's and Barry Ickes' thesis-- that Russia's economy is based on illusion or pretense about nearly every important economic yardstick, including prices, sales, wages and budgets-- has forced broad recognition of the inadequacies of the intended market reform policies in Russia and provided a coherent framework for understanding how and why so much of Russia's economy has resisted reform.
Book Synopsis Russian Unemployment and Enterprise Restructuring by : Guy Standing
Download or read book Russian Unemployment and Enterprise Restructuring written by Guy Standing and published by St. Martin's Press. This book was released on 1996-01-01 with total page 404 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Alternative Perspectives of a Good Society by : J. Marangos
Download or read book Alternative Perspectives of a Good Society written by J. Marangos and published by Springer. This book was released on 2012-01-02 with total page 314 pages. Available in PDF, EPUB and Kindle. Book excerpt: As a collection of alternative views on societies, methodologies, policies and assessment of the current elements of the society, Alternative Perspectives on a Good Society brings together different authors answering different questions all within the context of visions of a good society.
Book Synopsis Transition, Recession and Labour Supply by : Paolo Verme
Download or read book Transition, Recession and Labour Supply written by Paolo Verme and published by Routledge. This book was released on 2020-11-25 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt: This title was first published in 2001: Exploring the relationship between the recession and labour supply in Kazakhstan during the 1990s, this volume develops an innovative new model of the transitional process in the context of the CIS. It departs from conventional economic models explaining the process of transition, transferring the focus of attention from labour demand to labour supply with a view to clarifying how the transitional recession has affected households and, in turn, how these changes modified the supply of labour. Paolo Verme examines how the dynamic of the reallocation of labour between state and private enterprises has been drastically altered by the growth of self-employment and also takes a much-needed look at the contribution of other factors, offering an original explanation of this most important economic phenomenon.
Book Synopsis Global Industrial Relations by : Michael J. Morley
Download or read book Global Industrial Relations written by Michael J. Morley and published by Routledge. This book was released on 2006-11-22 with total page 373 pages. Available in PDF, EPUB and Kindle. Book excerpt: Breaking new ground and drawing on contributions from the leading academics in the field, this volume in the Global HRM Series specifically focuses on industrial relations.
Book Synopsis Assisting Russia's Transition by : Gianni Zanini
Download or read book Assisting Russia's Transition written by Gianni Zanini and published by World Bank Publications. This book was released on 2002-01-01 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt: This evaluation assesses the development effectiveness of the World Bank's lending and non-lending assistance to the Russian Federation since 1991, a 10-year period of tumultuous political, economic, and social change. This report concludes that an assistance strategy, concentrating on analytical and advisory services with limited financial support for Russia, would have been more appropriate than one involving large volumes of adjustment lending.
Book Synopsis Global Tensions by : Lourdes Beneria
Download or read book Global Tensions written by Lourdes Beneria and published by Routledge. This book was released on 2005-11-08 with total page 348 pages. Available in PDF, EPUB and Kindle. Book excerpt: Against the backdrop of demonstrations in Seattle, Porto Alegre and Genoa and within the context of growing resistances to free trade and the current global trends, Global Tensions takes a close look at the challenges posed by the processes of globalization at the beginning of the twenty-first century. Composed of original essays by renowned scholars, this volume explores controversial topics such as free trade, women's rights, labor standards, the World Trade Organization and global tensions.
Author :International Monetary Fund. Research Dept. Publisher :International Monetary Fund ISBN 13 :1451974167 Total Pages :204 pages Book Rating :4.4/5 (519 download)
Book Synopsis IMF Staff papers, Volume 45 No. 2 by : International Monetary Fund. Research Dept.
Download or read book IMF Staff papers, Volume 45 No. 2 written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 1998-01-01 with total page 204 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes contagion and volatility with imperfect credit markets. The paper interprets contagion effects as an increase in the volatility of shocks impinging on the economy. The implications of this approach are analyzed in a model in which domestic banks borrow at a premium on world capital markets, and domestic producers borrow at a premium from domestic banks. Financial spreads depend on a markup that compensates lenders, in particular, for the expected cost of contract enforcement. Higher volatility increases financial spreads and the producers’ cost of capital.
Book Synopsis Is Russia Restructuring? by : Harry G. Broadman
Download or read book Is Russia Restructuring? written by Harry G. Broadman and published by World Bank Publications. This book was released on 2001 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: The authors explore the labor dynamics of Russian enterprise restructuring, empirically assessing how patterns of job creation and destruction are related to various aspects of enterprise restructuring across firms in different sectors and regions, and to different forms, sizes, vintages, and performance characteristics of ownership. Evidence from case studies - based on more than 50 site visits in 2000 - suggests that jobs have been destroyed, but only to a limited degree in some sectors and regions, largely because of institutional and incentive constraints and a still-widespread "socialist" corporate culture. Jobs have been created - particularly in sectors where devaluation had the most pronounced effect on important substitution and export promotion - but only slowly, mostly for lack of skilled workers and because regional mobility is limited. Labor turnover appears higher within regions than across regions. Newly available data for 1996 - 99 (provided by Goskomstat) for about 128,000 enterprises in 24 industrial sectors in Russia's 89 regions indicates that the typical firm has experienced only modest downsizing - about 12 percent - in number of employees. Smaller firms have entered, and larger, mature businesses have exited some sectors. Except for a lull in 1998, the rate of job creation has steadily increased and the rate of job destruction has declined, dropping substantially in 1998 - 99. "Voluntary" worker separations remain the main - and growing - form of layoff, and the proportion of layoffs through redundancies is shrinking (now about 4 percent of total separations). Firm size and net employment growth are not statistically related, but form of ownership seems to matter. Firm size is also statistically correlated (positively) with profitability, but restructuring through changes in net employment growth appears not to be. It seems Russian restructuring needs to become more efficient.
Book Synopsis The Development of Capitalism in Russia by : Simon Clarke
Download or read book The Development of Capitalism in Russia written by Simon Clarke and published by Routledge. This book was released on 2007-01-24 with total page 484 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a broad and comprehensive survey of the development of capitalism in Russia from the collapse of the Soviet economic system to the present, and includes the results of substantial new research on the current state of a wide range of Russian enterprises. Simon Clarke – a well-known authority in this area: surveys the old Soviet system charts the progress through the early post-Soviet period, when neo-liberal theorists’ ‘shock therapy’ did not lead to the immediate development of a capitalist market economy, and traditional enterprises became hugely loss-making considers the crisis of 1998, and its effects, which included the curtailment of speculation, and growing investment in the old industrial sector, which in turn put the new small and medium sized enterprises under increasing pressure discusses the wider theoretical implications of the Russian experience for other transitional economies.
Book Synopsis The Oxford Handbook of the Russian Economy by : Michael Alexeev
Download or read book The Oxford Handbook of the Russian Economy written by Michael Alexeev and published by Oxford University Press. This book was released on 2013-07-18 with total page 864 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Handbook is the most comprehensive up-to-date study of the Russian economy available. Russian and western authors analyze the current economic situation, trace the impact of Soviet legacies and of post-Soviet transition policies, examine the main social challenges, and propose directions for reforms.
Book Synopsis Lessons from the Economic Transition by : Salvatore Zecchini
Download or read book Lessons from the Economic Transition written by Salvatore Zecchini and published by Springer Science & Business Media. This book was released on 2013-12-01 with total page 598 pages. Available in PDF, EPUB and Kindle. Book excerpt: An attentive reader embarking on this book might wonder what "the" economic transition to which the title refers might be. In this century almost all countries have gone through periods of economic transition; but which period of economic history can claim to embody the notion or to represent the era of "the" transition? Definitely, no country or group of countries has experienced anything comparable to the economic upheavals that the fall of communism has brought about in a large portion of the world in just three years (1989 to 1991). No other "transition" to date has prompted more interest and more studies among economists, academics and policy-makers than has the transformation of centrally planned economies into market-based systems. It is this transformation that has come to define "the" transition. Early in the transformation process (in November 1990), with the support of the Centre for Co-operation with the Economies in Transition (CCET), I launched a conference to examine the challenges faced by these countries. About six years have gone by and a new economic landscape has emerged in that part of the world. The difficulties in transforming these economies have exceeded all expectations, and economic performances have varied considerably across countries. The time has come, therefore, to make a first evaluation of progress and problems, with a view to extracting useful policy lessons to guide policy-makers in successfully completing the transition in the near future.
