By Marina Von Neumann Whitman
This can be a chronicle of yankee corporation's altering position, in addition to a perceptive examine what those alterations suggest for enterprise and public coverage. It demanding situations businesses and the govt. to think about practices and regulations that would give a contribution to company viability and the healthiness of society.
Read or Download New World, New Rules: The Changing Role of the American Corporation PDF
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Additional info for New World, New Rules: The Changing Role of the American Corporation
Example text
5 The American public could be forgiven for viewing these organizations as immortal. Year after year the same names topped the list of the Fortune 500, published annually since 1954. And shares of AT&T, General Electric, General Motors, and IBM were routinely called "widows' and orphans' stocks," virtually guaran- Page 5 teed to earn profits and pay dividends regularly, year in and year out into the indefinite future. Large American corporations dominated economic activity abroad as well. The United States led the world in its share of global output and exports, accounting for about 40 percent of global output and 20 percent of the world's total exports in 1960.
And even Japanwhose pervasive network of domestic regulations,. Page 24 affecting such areas as product standards, the size of retail stores, and prices in the insurance industry, has been the source of both trade frictions and bilateral negotiations with the United Statesis beginning slowly and reluctantly to loosen up, at least partly as a result of sustained American pressure. Most dramatic of all is market-oriented economic reform on the part of many developing nations and formerly Communist countries, involving not only trade liberalization but also complementary steps toward domestic deregulation and privatization.
Government, bringing the two into conflict. S. economy to deliver what Americans had come to expect of it. The period since 1973the watershed year of the first global energy crisishas been marked by slowed productivity growth, slowdown or stagnation in the growth of real (inflation-adjusted) earnings, and a substantial increase in income inequality. The resulting frustration has heightened public and political sensitivities and engendered a search for scapegoats. The rich, the poor, the old, the federal government, foreigners, and welfare recipients have all been tagged as the problem.