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OverviewHow can we explain the persistent worsening of the income distribution in the United States in the 1980s and 1990s? What are the prospects for the re-emergence of sustainable prosperity in the US economy over the next generation? Situating these questions within a wider context through historical analysis and comparisons with Germany and Japan, this book focuses on the microeconomics of corporate investment behaviour, and the macroeconomics of household saving behaviour. Specifically, the contributors analyze how the combined pressures of excessive corporate growth, international competition, and intergenerational dependence have influenced corporate investment over the past two decades. They also offer a perspective on how corporate investment in skill bases can support sustainable prosperity, with studies drawn from the machine tool, aircraft engine, and medical equipment industries. Full Product DetailsAuthor: W. Lazonick , M. O'SullivanPublisher: Palgrave Macmillan Imprint: Palgrave Macmillan Dimensions: Width: 14.00cm , Height: 2.20cm , Length: 21.60cm Weight: 0.540kg ISBN: 9780333777572ISBN 10: 0333777573 Pages: 312 Publication Date: 14 November 2001 Audience: Professional and scholarly , Professional and scholarly , Professional & Vocational , Postgraduate, Research & Scholarly Format: Hardback Publisher's Status: Active Availability: In Print  This item will be ordered in for you from one of our suppliers. Upon receipt, we will promptly dispatch it out to you. For in store availability, please contact us. Table of ContentsPreface Notes on the Contributors Introduction: Corporate Resource Allocation and Employment Opportunities; W.Lazonick & M.O'Sullivan Maximising Shareholder Value: A New Ideology for Corporate Governance; W.Lazonick & M.O'Sullivan Organizational Learning and International Competition: The Skill-Base Hypothesis; W.Lazonick Good Jobs and the Cutting Edge: The U.S.Machine Tool Industry; R.Forrant Good Jobs Flying Away: The U.S. Jet Engine Industry; B.Almeida What Prognosis for Good Jobs?: The U.S. Medical Diagnostic Imaging Equipment Industry; C.Tilly with M.Handel Earnings Inequality and the Quality of Jobs: Current Research and a Research Agenda; P.Moss The Japanese Economy and Corporate Reform: What Path to Sustainable Prosperity?; W.Lazonick Corporate Governance in Germany: Productive and Financial Challenges; M.O'Sullivan IndexReviewsAuthor InformationWILLIAM LAZONICK is Professor in the Department of Regional Economics and Social Development at the University of Massachusetts Lowell, and Co-Director of the Center for Industrial Competitiveness, and at the European Institute of Business Administration (INSEAD). His books include Competitive Advantage on the Shop Floor, Business Organization and the Myth of the Market Economy and Organization and Technology in Capitalist Development. - MARY O'SULLIVAN is Research Associate of the Levy Institute and STEP Group, and a faculty affiliate of Harvard University's Center for European Studies. She joined INSEAD in January 1997 and won the INSEAD teacher of the year award for an elective MBA course, Innovation, Strategy, and Corporate Governance taught in March and April 1997. Tab Content 6Author Website:Countries AvailableAll regions |
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