Most scholarship on corporate governance in the last two decades has focused on the relationships between shareholders and managers or directors. Neglected in this vast literature is the role of employees in corporate governance. Yet ""human capital,"" embodied in the employees, is rapidly becoming the most important source of value for corporations, and outside the United States, employees often have a significant formal role in corporate governance. This volume turns the spotlight on the neglected role of employees by analyzing many of the formal and informal ways that employees are actually involved in the governance of corporations, in U.S. firms and in large corporations in Germany and Japan. Examining laws and contexts, the essays focus on the framework for understanding employees' role in the firm and the implications for corporate governance. They explore how and why the special legal institutions in German and Japanese firms by which employees are formally involved in corporate governance came into being, and the impact these institutions have on firms and on their ability to compete. They also consider theoretical and empirical questions about employee share ownership. The result of a conference at Columbia University, the volume includes essays by Theodor Baums, Margaret M. Blair, David Charny, Greg Dow, Bernd Frick, Ronald J. Gilson, Jeffrey N. Gordon, Nobuhiro Hiwatari, Katharina Pistor, Louis Putterman, Edward B. Rock, Mark J. Roe, and Michael L. Wachter. Margaret M. Blair is a senior fellow in Economic Studies at the Brookings Institution and author of Ownership and Control: Rethinking Corporate Governance for the Twenty-first Century (Brookings, 1995). Mark J. Roe, professor of business regulation and director of the Sloan Project on Corporate Governance at Columbia Law School, is the author of Strong Managers, Weak Owners: The Political Roots of American Corporate Finance (Princeton, 1996).

Spatial deconcentration of economic activities, particularly the growth of suburban office, retail and entertainment concentrations, has become a prime concern in European metropolitan areas. This book provides a cross-national comparative perspective on employment deconcentration within selected metropolitan areas in Europe. Whereas most debate over urban sprawl and deconcentration is oriented towards the North American context, this book aims at a better understanding of this phenomenon in the European context, emphasizing the location of economic activities rather than residential patterns. It provides insights on whether different governance attributes produce particular forms of deconcentration versus the influence of market attributes and local specificities, also commenting on quality of life impacts and possible governance and policy implications of the deconcentration process.

Introduction of a comparative framework is followed by eight case study chapters, three representing northern Europe, three the south European-Mediterranean region and two post-communist central Europe. Most chapters examine two metropolitan areas, usually a large and a smaller one. The comparison reveals considerable variations in the magnitude, form, and process of employment deconcentration, only partly in line with expected influences of governance systems. Evidence does not fully confirm an anticipated distinction between Northern and Mediterranean Europe; the Czech Republic and Israel seem to diverge most from prevailing European trends.

This supplement focuses on the NBA with particular reference to pay and performance. In-depth analyses of positional pay variations, player negotiations, supply and demand and econometric models of pay and performance seek to give a much clearer picture of why, how and when pay is awarded in the sports industry and particularly in the NBA. The volume concludes with a retrospective of the 1995 All-Star Players.

This book examines the economic consequences of immigration and asylum migration, it focuses on the economic consequences of legal and illegal immigration as well as placing the study of immigration in a global context.

Although a few books on the market set forth the elements of labor arbitration, no single volume exists that gathers the essential elements of the arbitration process in a detailed, comprehensive, and logical presentation. An Introduction to Labor Arbitration is a clear, jargon-free guidebook that inexperienced practitioners will find essential to prepare for arbitration. As an introductory text, this work is an excellent resource for understanding the fundamental theory, practice, and procedure of labor arbitration. It gathers the essential elements of the arbitration process in a detailed, comprehensive, and logical presentation.

This single-volume comprehensive compilation of documents integrates institutional labour history (movements and trade unions) with aspects of social and cultural history, as well as charting changes in trade union and managerial practices, and integrating the economics and politics of labour history. It includes documents that treat household relations as well as industrial relations; women as domestic workers and unpaid household labour as well as factory workers; and African American, Hispanic American (especially Mexican and Mexican American), and Asian workers as well as white workers. American Labor offers readers an insight into the full spectrum historically of workers, their daily lives, and the movements that they created.

This volume analyzes changing work and employment in British public services. In doing so, it begins by critically engaging with debates around the ideological, regulatory and social drivers of change, and their impact on workforce composition, service ethos, equality, and the role of trade unions. It then analyzes employment relationships within fluid organisational boundaries, tackling the key issues of partnership and trust, pay and rewards and employment security. The concluding section reflects on public service productivity and its comparative context.

Knowledge, Social Institutions and the Division of Labour gives rise to a new and richer institutional analysis of the economy centred around the analysis of language, the division of labour and social knowledge. It is in this perspective that the economic analysis of institutions comes to be associated with the study of civil society, or with the broad framework of communication and coordination behind the interaction of individuals in economic and non-economic spheres. This fascinating book is divided into three parts beginning with the issue of the development of science as an aspect of the division of labour, starting from methodological problems on the communication of scientific knowledge. The volume goes on to explore issues on the moral bases of social interaction and, more particularly, of commercial society before ending with in depth analyses of questions on the division of labour, social institutions and the diffusion of knowledge in society.

The Islamic labor market rests on the principles of the free market exchange of Islamic economics. Regrettably, the latter has failed to keep pace with the rapidly growing academic and professional developments of the former. Much of the published work within Islamic economics is idealistic if not radically ideological with little relevance to the Islamic labor market, leaving students of Islamic economics without a coherent body of economic theory to understand the practical objectives of Shariah that gives a sense of direction to the developments in this field. Drawing upon received sources of goals of Shariah, the authors present an independent academic work which: Emphasizes the common conceptual grounds of labor market behavior shared by the objectives of Shariah approach as well as the conventional approach to economics. Adopts standard tools of contemporary economics to explain the industrial relations. Extends the conventional scope of the labor market and forces of the labor market under the umbrella of Shariah. Enables readers and practitioners of Islamic economics to make economic sense of Shariah compliance and human resource development. Explains how the economics of Shariah is liable to offer moral guidance and a sense of direction to regulators and practitioners of the Islamic labor market. Labor in an Islamic Setting will be of interest to postgraduate students, academics, middle and senior management in both the western and the Islamic business communities, researchers and policy makers.

This comparative analysis of growth, structural change and labour market dynamics in the Greater Mekong countries (Yunnan Province in China, Thailand, Vietnam, Cambodia, Lao PDR and Myanmar) of Southeast Asia is the first of its kind. It explores economic integration and cooperation, the possibilities for improving the functioning of labour markets and facilitating mutually beneficial labour flows in the region. The book begins with a comparative overview of policy reforms, economic performance and structural changes, focusing on economic relations in the Greater Mekong countries. It then examines the salient features of labour market structures and policies, patterns of cross-border migration, and information systems, paying attention to the similarities and differences between countries. It is especially timely in the context of economic transition from socialist systems in the three Indochina countries, the ongoing policy reforms in Yunnan Province and Myanmar, and in light of the Asian financial crisis in shaping growth trends. The analysis yields policy recommendations for improvement in labour market performance. The book will be of great interest to development and labour economists and those working in the field of Asian studies, as well as to policymakers.

This volume explains the salient features of the Japanese labour market and their evolution through time. The key idea is integrated segmentation: on the demand side, within the educational system; on the supply side, monitoring the costs which underlie labour contracts. Demand- and supply-side segmentation exists in a number of countries. What is peculiar to Japan is the way demand and supply segmentation overlap and the muting of the wage and income differentials which segmentation generates. Because it is segmented on both supply and demand sides the Japanese labour market is highly competitive; but because it is integrated, cooperation is deeply rooted within it as well.

This book provides a cross-national European comparative analysis of the presence and absence of women on the board of directors of companies. It asks whether a welfare state regime analysis is useful at this elite level as a way of understanding employment practices or whether state policy gives way to more universal and globalized factors.

This book is about the enterprise reform in China in general, and the Contract Management Responsibility System (the CMRS) in particular. The latter is an institutional arrangement to deal with the relation between the government and the state-owned enterprise which has always been at the centre of the enterprise reform. This research is based on four in-depth case studies of Chinese state-owned companies.

The states of the Gulf Cooperation Council (Saudi Arabia, Kuwait, Bahrain, United Arab Emirates, Oman and Qatar) form the largest destination for labour migration in the global South and possess the most extreme reliance on labour migration of any region in the global economy. In all of these states the majority of the working population is composed of temporary, migrant workers with no citizenship rights. In Kuwait, Qatar, Oman and the UAE, migrant workers exceed 80% of the labour force. These workers are responsible for the prodigious development boom across the region - involved in construction, maintenance and infrastructure work - as well as service, clerical, retail and domestic activities. Neighbouring countries are almost fully dependent on the labour markets of the Gulf for their overseas workforce, and remittances from these workers are critical to the survival of millions of people throughout the region. For these reasons, the Gulf takes a central place in contemporary debates around migration and labour in the global economy. This book attempts to bring together and explore these issues.The key argument is that the relationship between 'citizen' and 'non-citizen' holds immense significance for understanding the construction of class, gender, city and state in the Gulf - too often these questions are occluded in scholarly and popular accounts of the region. The precarious working conditions of migrants in the Gulf has facilitated high levels of exploitation and has been utilized at times of economic downturn to displace crisis to surrounding regions. It has also engendered a variety of forms of social mobilization and resistance among migrant workers and citizens, presenting new challenges for political actors. New forms of migration are emerging, linked to highly-skilled labour and the rebranding of the Gulf itself. Bringing together scholars on the Gulf, including academics based in the region itself, the book will critically explore all of these questions - putting the question of migration at the core of the social structures and political economy of the GCC states.The book covers a wide range of themes and case studies, including theoretical and historical perspectives; migration and the Gulf political economy; migration and gender in the Gulf; and new forms of migration to the Gulf. Through each chapter, authors will critically reflect upon the dominant understandings of migration to the Gulf, exploring the ways in which migration has helped to underpin the construction of class, gender, city and state within the GCC.

This book examines essential issues and perspectives on rural labour, helping readers understand the changes that are currently taking place in the labour markets, especially with regard to migrants from rural to urban areas, their socio-economic conditions, factors contributing to such mobility and associated problems. Further, it addresses the question of why the socio-economic conditions of rural labour have not experienced measurable improvements. Presenting a collection of painstakingly researched essays that focus on both India and China, the book addresses these challenges with an explicit focus on safeguarding the interests of rural labour under the neoliberal dispensation. The research is based on primary survey data and analytical issues from selected Asian economies, especially from India. On the basis of the findings discussed, it subsequently suggests ways forward so as to improve the wellbeing of migrant households and put an end to distress migration. Lastly, the book convincingly argues that improving labour market outcomes, and more specifically, generating employment and providing alternative livelihood avenues, represents the most pressing challenge in rural areas.

This book traces the development of paid work for visually impaired people in the UK from the 18th century to the present day. It gives a voice to visually impaired people to talk about their working lives and documents the history of employment from their experience, an approach which is severely lacking in the current literature about visual impairment and employment. By analysing fifty in-depth face-to-face interviews with visually impaired people talking about their working lives (featuring those who have worked in traditional jobs such as telephony, physiotherapy and piano tuning, to those who have pursued more unusual occupations and professions), and grouping them according to occupation and framed by documentary, historical research, these stories can be situated in their broader political, economic, ideological and cultural contexts. The themes that emerge will help to inform present day policy and practice within a context of high unemployment amongst visually impaired people of working age. It is part of a growing literature which gives voice to disabled people about their own lives and which adds to the growing academic discipline of disability studies and the empowerment of disabled people.

This new edition Workbook has been fully updated for 2019 and covers Theme 3 Business behaviour and the labour market A-level Paper 1 Markets and business behaviour, and A-level Paper 3 Microeconomics and Macroeconomics will both draw on topics from Theme 3. Up-to-date and focused to help students practice their skills and improve their subject knowledge both inside and outside the classroom, this Practice Workbook: - Covers specific aspects of the course, providing targeted support for complex and challenging topics - Reinforces students' understanding, with more new practice questions and exam-style questions to develop their skills and improve their confidence - Includes more sample answers with commentary to help students meet the demands of the specification - Adapts easily and flexibly to existing textbooks and schemes of work - Provides opportunities for self-directed learning and self-testing, helping students revise on their own terms

This book explores the complex relationship between social security and economic development, arguing that social security contributes positively to economic development by promoting social investments that not only foster economic growth but enhance social welfare for all. The contributors analyse the various forms of social security, and, through comprehensive analysis of country experiences, demonstrates that the relationship between social security and economic development defies the simplistic interpretations currently popular in literature on the subject. A variety of country case studies are explored including Britain, Chile, China, India, Korea, Norway, Singapore, South Africa and the United States. This topical volume is a vital companion for all interested in the dynamics of the relationship between social security and the economy.

Profit Power Economics is the first comprehensive manual of competitive strategy and value-investing for the economic realities of the 21st century, an age in which information costs are getting close to zero and everyone is connected. This book offers a new economic paradigm for our age-and the tools to make the most of it. Readers learn to apply these rules step-by-step to navigate today's new challenges: to choose among vastly expanded investment opportunities; exploit unprecedented freedom to structure and manage modern global enterprises; win in new 3-dimensional corporate competition; and tailor strategies to new powerlaw market dynamics. Profit Power Economics includes lively lessons from the author's experience and examples from other successful investors and enterprises-all in the context of cutting-edge economics. Visionary strategist, experienced corporate executive, banker, and economist Mia de Kuijper takes readers from first principles to practical applications. She offers new ideas and concepts, illustrated with lively lessons from her own experience and from other successful investors and organizations. Profit Power Economics gives readers a clear grasp of the underlying forces that are reshaping our world as well as a step-by-step approach to build (or find) exceptionally high-return enterprises and to navigate new-age market dynamics. She declares that it is high time that we update our ideas about competition, business models, market dynamics and risks, even about the nature of winning itself. The emergence of perfect information-fast-moving, very cheap, universally available information and unlimited connectivity-is transforming our fundamentals so dramatically that this is grounds for doubting many of the most familiar principles of mainstream economics. Corporate leaders, political leaders, entrepreneurs, investors, strategists, not-for-profit organizations, marketers, and students of modern economics will find an invaluable resource in Profit Power Economics.

The last two decades have seen a reshaping of the international economy together with a radical weakening in the conditions of the working class. New productive techniques and methods in the organization of labour have been implemented on a world-wide scale partly as a consequence of the financialization of capital. The geographical diffusion of market relations has continued and with it the dominance of capital in all realms of social reproduction. In charting this change, the book offers an alternative view of contemporary capitalism. It has been suggested that we are entering a new phase where the 'globalization' of economic activities is fully achieved, where 'post-Fordist' regulation has overcome the crisis of Keynesian capitalism, and where the dominant tendency is towards the 'end of work'. In contrast to this view, the authors of this book argue that current internationalization is not a structure, but a contradictory process and that new patterns in the division of labour while successful in increasing the pressure over workers have not been able to supersede Fordism entirely. They conclude that the slow growth of the economies, caused by neoliberal economic policies, is a crucial factor in explaining unemployment and the fragmentation of labour.

The Russian labour market has been hailed by some economists as being 'perfectly flexible' because Russia has achieved enormous employment restructuring with minimal unemployment, and by others as plagued by rigidities since pay structures have been frozen, inequality has increased and job creation has been negligible. Such disagreements reflect both the lack of serious research on the formation of a labour market in Russia and the lack of theoretical agreement as to what constitutes a labour market. Simon Clarke addresses these empirical and theoretical issues on the basis of statistical survey and case study data collected within the framework of a large-scale collaborative research programme on the restructuring of labour and employment in Russia. The book reviews the historical context, the statistical data and the theoretical issues before proceeding to a detailed analysis of the development of the labour market in the interaction of the labour market strategies of employers and employees. The Formation of a Labour Market in Russia will be of interest to scholars of transition studies and labour economics, industrial relations specialists and sociologists of labour.

This book provides an up-to-date survey of existing economic literature on the dimensions of growing income inequalities in both advanced and emerging countries. The different explanations and dimensions of inequalities are addressed, particularly globalization, technical progress, in-work poverty, changes in labour market institutions, education and intergenerational mobility, growth and development. The nine chapters provide simplified models exploring each of these elements, and assess commonly accepted explanations and mechanisms.

Measures of Active Labor Market Policy - such as training, wage subsidies, public employment measures, and job search assistance - are widely used in European countries to combat unemployment. Little, however, is known about what each country can learn from experiences in other countries. This study provides novel insight on this important policy issue by discussing the role of the European Commission's Employment Strategy, reviewing the experiences made in European states, and giving the first ever quantitative assessment of the existing cross-country evidence, answering the question "what labor market program works for what target group under what (economic and institutional) circumstances?." Using an innovative meta-analytical approach, the authors find that rather than contextual factors such as labor market institutions or the business cycle, it is almost exclusively the program type that matters for program effectiveness: While direct employment programs in the public sector appear detrimental, wage subsidies and "Services and Sanctions" can be effective in increasing participants' employment probability.

"This book considers the transformative impact of global trade and production networks on local economies, work and labor organization, and various forms and meanings of community. It examines the socio-economic transformation in Asia and the restructuring of manufacturing industries, ports and the information technology sector"--Provided by publisher.

This study examines fundamental theoretical and conceptual issues of social change in Latin America in the context of detailed empirical analysis. It challenges the major assumptions and propositions that underlie globalization theory, reworking and fine tuning the concepts of imperialism and social class as relevant to understanding the 'new world order'. The study centers on the structural features of Latin America and the state policies reconcentrating power in the capitalist class at the expense of labor. The study surveys the contradictory tendencies of concentrated wealth and power and the emergence of new socio-political movements and alternative development strategies to the dominant paradigm.