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The IRC - An Experiment in Industrial Intervention - A History of the Industrial Reorganisation Corporation (Hardcover)
Loot Price: R4,044
Discovery Miles 40 440
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The IRC - An Experiment in Industrial Intervention - A History of the Industrial Reorganisation Corporation (Hardcover)
Series: Routledge Library Editions: Industrial Economics
Expected to ship within 12 - 19 working days
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The Industrial Reorganisation Corporation was created by a Labour
Government in 1966 and dissolved by the incoming Conservative
Government in 1971. It might have faded into oblivion had it not
been for the controversy generated by its highly unusual
constitution which gave control of public spending to private
sector industrialists and bankers. The IRC used both its influence
and its cash to direct or even to thwart market forces in the
'national interest'. It was involved in the key industrial issues
of the time, such as the mergers of GEC-AEI-English Electric and
the formation of British Leyland. It defeated Rank in its bid to
take over Cambridge Instruments, and stopped the Swedish SKF from
buying the UK's leading ball-bearing manufacturer. It also moved
towards a development bank role, and its small executive team went
on to play further leading roles in UK business. This book, first
published in 1983, provides the first comprehensive analysis of the
IRC.
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