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'Critically assess the notion that 'corporatism' improves economic performance'. Does globalisation threaten or enhance corporatism? Under globalisation can we have corporatism given that corporatism is based on national based policies?  

Member rating: 5 out of 10 stars (2 votes) | Words: | Submitted: Mon Mar 15 2004

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'Critically assess the notion that 'corporatism' improves economic performance'. Does globalisation threaten or enhance corporatism? Under globalisation can we have corporatism given that corporatism is based on national based policies? Few people agree on what the definition of corporatism is but in general it can be seen as the joint pursuit by employees and employers of their collective interest. It is a system of running a state using the power of organizations like businesses and labour unions that act, or purport to act, for large numbers of individuals. In the name of social justice and order, corporatism advocates a close collaboration between employers and workers under the direction of the state in all matters regarding conditions of work, wages, prices, production, and exchange. Its aim is to substitute "corporate" (that is, collective) considerations for the free play of the market and for competition. Corporatism involves centralised wage bargaining and besides...

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