corporatist governance
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2017 ◽  
Vol 39 (3) ◽  
pp. 163-176
Author(s):  
Rikkie L. K. Yeung ◽  
Francesca T. C. Chiu ◽  
James Y. C. Kwok

2006 ◽  
Vol 45 (4II) ◽  
pp. 981-1000 ◽  
Author(s):  
Muhammad Zahid Siddique ◽  
Javed Akbar Ansari ◽  
Qazi Mohammad Salman

This paper argues that a return to corporatist governance structures is impossible in Pakistan. Section 1 outlines neo-classical labour market regulation rationalities presented by Hayek, Wieser, and Sen. Section 2 compares and contrasts Fordist and Post-Fordist modes of labour market regulation. And Section 3 seeks to establish the impossibility of institutionalising corporatist governance structures in the labour markets of Pakistan. Neo-classical theory sees relations between labour and the representatives of capital (‘managers’) as relations created spontaneously by individuals in the pursuit of their rational self-interest. The capitalist individual, be he labourer or manager, defines ‘maximisation of utility’ as his ‘rational self interest’, and order within the labour market requires a reconciliation of individual (the labourer’s) and aggregate (the manager’s) utility maximisation (with aggregate utility maximisation being represented by shareholders value). Labour market order is thus impeded if:


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