New PDF release: Collective Bargaining and Employee Participation in Western

By benjamin; okamoto, Hideaki; lodge, Goerge C. Roberts

ISBN-10: 0930503368

ISBN-13: 9780930503369

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Additional resources for Collective Bargaining and Employee Participation in Western Europe, North America and Japan

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In 1980 net foreign indebtedness was 6 percent of GDP; by September 1989 it stood at A$l 10,000 million, or 32 percent of GDP. The 1989 current account deficit was A$21,000 million compared with A$13,800 33 Industrial Transformation and Challenge in Australia and Canada million in calendar year 1988. The cost of servicing this debt (interest and capital repayments) puts Australia on an endless treadmill, as it is likely to absorb an ever-increasing proportion of export earnings unless this debt can be reduced.

The reasons for this failure are complex but can be summarized briefly. First, the so-called mineral boom during the second half of the 1960s, 30 The Australian Economy in Transition along with the international fixed exchange rate system that applied at the time, led to a trade imbalance and a surge of imports, especially of consumer durables, which were much cheaper and arguably of better quality than the locally made equivalents. Australian manufacturers sought further protection and subsidies rather than taking positive action to improve their efficiency, modernize plants, equipment and products.

But these conditions are insufficient to invalidate the general theory. " This sort of exercise really takes us away from what should be the central concern which is to analyse the manner in which countries are incorporated into an international economy. The core-periphery theory really deals rather inadequately with the kind of international processes of capitalist penetration (led in many cases by transnational firms) that are creating an international and national class bound together by shared consumption patterns and commonalities of class interest that transcend core-periphery divisions.

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Collective Bargaining and Employee Participation in Western Europe, North America and Japan by benjamin; okamoto, Hideaki; lodge, Goerge C. Roberts


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