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
BACKGROUND:  You have been promoted to the position of Vice President in a business consulting firm.  This firm provides business consulting to a variety of businesses.   The presi

P=140-4Q mc1=20+30q for plant 1 mc2=80+10q for plant 2 how many units should be produced by plant 1 and plant 2 to maximise profit for this monopoly?

demand elasticity analysis and its significance in pakistan

Given that TC=1000+10Q-0.9Q^2+0.04Q^3,,Find the rate of output Q that result in minimum Average variable cost

Wealth Tax: A tax in that owners of specific forms of wealth (likereal estate, financial wealth, or inheritances) should pay a specified proportion of that wealth to government, us


do you think that dimnishing returns to a factor are consistent with increasing returns to scale? explain with suitable diagram and reasoning.

1) A) Suppose that several months of data showed the CPI increasing at a 4.5% annual rate due largely to increases in the price of energy and food related commodities following sev

Economic Development The word development is from the Latin root ‘Voloper’ which meant wrap up, envelop. The English used this word along with ‘des’ meaning ‘undo’. The word

subsitution effect dominate tha income effect in which good case?