Workers'' co-operative, Microeconomics

Workers' Co-operative:

Another form of privatisation is transfer ofownership of a loss-making concern to the workers. Mr. R. Ganpati, formerChairman of the Board of Industrial and Financial Reconstruction (BIFR)is of the view: "If more managements are divested of control of theircompanies and workers' co-operatives set up in their place, promoters maybe galvanised into curing their sick units." The basic logic of the proposalis that workers besides receiving wages for work, would also be entitled toa share in ownership dividend. Since workers' personal interest is linked tothe interest of the enterprise, the workers are likely to work hard to increaseproductivity so that they can earn more. Such schemes were introduced inKamani Tubes, Central Jute and Mewar Textiles, Hoist O' Mech andCalcutta Chemicals etc. But for a few experiments which yielded positiveresults at least in the short run, it became difficult to expand the coverageof such proposals. Neither did any Government show any commitment tothe idea of workers' co-operatives. Consequently, this form of privatisationdid not assume a significant role in economic reform. 

Posted Date: 11/15/2012 2:21:03 AM | Location : United States







Related Discussions:- Workers'' co-operative, Assignment Help, Ask Question on Workers'' co-operative, Get Answer, Expert's Help, Workers'' co-operative Discussions

Write discussion on Workers'' co-operative
Your posts are moderated
Related Questions
I can''t figure out how to graph the aggregate consumption function and the aggregate saving function


Normal 0 false false false EN-IN X-NONE X-NONE MicrosoftInternetExplorer4


Let {(y i * ; x i ); 1 ≤ i ≤ n} be an i.i.d sequence of random variables where y i * and x i satisfy the linear relationship y i * = β 0 + β 1 x i + ∈ i with Cov(x i ; ∈

Question 1  (9 marks) During the 1990s, technological advance reduced the cost of computer chips.  Explain, with the use of supply and demand diagrams, how the following mark

What is the difference between MRTS & MRS?

what is the profit maximising quantity of L

Market Penetration: Indian entrepreneurs have to constantly bear in mind the fast changing trade trends and re-orient their strategies to derive higher yields by way of large

what are the types of microeconomic analysis?