Academic Journals Database
Disseminating quality controlled scientific knowledge

DIRECT WORKER OWNERSHIP: THE RUSSIAN FORMULA FOR ECONOMIC REFORM (1984-1994) (ABSTRACT)

ADD TO MY LIST
 
Author(s): Peter J. Piveronus, Jr.

Journal: Essays in Economic & Business History
ISSN 0896-226X

Volume: 17;
Issue: 1;
Date: 1999;
Original page

ABSTRACT
Direct worker ownership in Russia, which is similar, in many ways, to employee ownership in the United States, constituted the centerpiece of the Yeltsin economic reform program which began in earnest in June 1992, and continued through the latter part of 1994. Its actual origins, however, preceded the Yeltsin program by several years, going back to the Gorbachev period. Direct worker ownership was not only successful in improving economic performance following the collapse of the Soviet Union, but may have been partly responsible for Russia’s slow but steady economic recovery between 1994 and 1997. With direct worker ownership as their model, Russian economic reformers are in the process of creating a unique form of capitalism in Russia that is neither capitalist nor socialist as those terms are commonly defined, but somewhere, “in between,” i.e., a “third way.”
Why do you need a reservation system?      Save time & money - Smart Internet Solutions