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Full Description
In the 1990s, attempted shock therapy generated unemployment much worse than many economists claimed. This book, based on an enterprise survey conducted between 1991 and 1994, examines how factories responded to unprecedented pressures, highlighting employment cuts, changing corporate governance and unanticipated labour market outcomes.
Contents
Preface'Shock Therapy' - The Mystery of Unemployment: Triumph of Wishful Thinking? - Restructuring in Russian Industry: The RLFS - Disappearing Jobs: Crisis of 'Concealed Unemployment' - The Paradox of Wage Flexibility - Restructuring and 'De-Levelling' Wages - Corporate Governance and Trade Unions in Russian Industry: Drift to Collective Individualism? - Restructuring Internal Labour Markets - The Impact of Restructuring on Women Workers - Demographics of Restructuring: Older Workers, Youth and the Disabled - Promoting the 'Human Development Enterprise': Enterprise Restructuring and Corporate Governance in Russian Industry - Policy Reflections for the Russian Labour Market - Index