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"The Evolving Bargain provides the first indepth look at the impact of deregulation and privatization on managers' strategic agendas in industries around the world. Emmons emphasizes that these reforms are not one-time events, but dynamic processes that shape the ongoing relationship, or bargain, between governments and affected enterprises. He also shows how the contexts of both industry and country influence a firm's strategic options and performance...
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"Three decades ago, federal policy makers - Republicans and Democrats - embarked on a general strategy of deregulation. In the electricity, gas delivery, and telecommunications industries, the strategy called for restructuring to separate production from transmission and distribution, followed by the elimination of price controls. The expected results were lower prices and increased quality, reliability, and scope of services. Paul W. MacAvoy, an...
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When the federal government deregulated the airlines in the late 1970s, the new freedom was supposed to herald an era of competition that would result in lower airfares, more airlines, and increased benefits for air travelers. Instead, deregulation led to chaotic and ever-changing fares, an industry dominated by three giant U.S. airlines, and deteriorating service.
In Rapid Descent, Barbara Sturken Peterson and James Glab, two veteran airline industry...
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The California energy crisis is not simply about a lack of electricity. It is about who owns the production and distribution of that electricity. As state after state agrees to deregulation, the utility industry is approaching a concentration not seen since the Power Trust of the 1930s. Seeing the Light urges us to change the rules now and create a future that includes affordable, locally owned electricity. The book chonicles hopeful new developments...
14) Corporate welfare policy and the welfare state: bank deregulation and the savings and loan bailout
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An examination of the savings and loan crisis and subsequent bailout reveals that the welfare state is a dynamic process: the bailout is an extension of a larger process of state projects for economic intervention that began with banking regulation following the Great Depression of the 1930s, and continued with the Chrysler bailout legislation in 1979 and the Garn-St. Germain Act of 1982, which deregulated the banking industry. In viewing the welfare...
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"In ECONned, Yves Smith draws a direct connection between fundamentally flawed financial theories and a series of crises that culminated in the global meltdown of 2007 and 2008. This devastating critique shows that the pursuit of unenlightened self interest has produced a financial services industry that is a doomsday machine, systematically predatory, and now hugely powerful thanks to its control of vital financial infrastructure." "This is the first...
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"Northeast Utilities Company adopted an ambitious new competitive strategy in the mid-1980s, seeking to become the low-cost supplier in New England electric power markets bracing for deregulation. Given its high-cost nuclear facilities, doing so required a corporate turnaround. For a decade Northeast faced increasing public and employee resistance to cost cutting at its nuclear plants. Though management achieved many of its goals, curtailing outlays...
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