- 45 Downloads
Privatizations are a standard feature of the transition toward a market economy and the restructuring of state. They stand out among the other components of structural adjustment reforms, such as trade and capital account liberalization or tax reform, by their direct and immediate impact on specific societal groups. The shortterm effects of privatizations are not general and dispersed on society as a whole. A blue-collar worker dismissed as a result of privatizations, for instance, will certainly feel the immediate effects of privatizations much more so than a small-business owner or a white-collar professional, who will simply note privatizations on television news reports. Privatization programs as such have direct, immediate, and strong effects on blue-collar workers worldwide. These unique characteristics of privatizations render their social and political consequences on labor much more significant and readily observable.
KeywordsLabor Union Structural Adjustment Democratic Institution Labor Institution Privatization Program
Unable to display preview. Download preview PDF.