Improving Competitiveness of Industry

In the past, some countries could afford to have a less than perfect tax system. However, wage and other labor rigidities (work rules) handcuff management. Management has become pre-occupied with non-productive pursuits, and numerous other sources of inefficiency.

The objective of this book is to suggest several revisions in institutional structure, management techniques and rewards, and a drastic change in how hourly labor is compensated. The suggestions offered are applicable to any economy where decisions have to be made as to how to organize the factors of production most efficiently. It is therefore essential reading for policymakers, human resource management and accountant management.