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Book part
Publication date: 13 April 2015

Maria Alejandra Gonzalez-Perez and Santiago Sosa

This chapter presents a discussion and an analysis of the literature on nationalization of international business. National governments have justified the expropriation…

Abstract

Purpose

This chapter presents a discussion and an analysis of the literature on nationalization of international business. National governments have justified the expropriation and nationalization of the operations of foreign multinational in their jurisdiction based on the social responsibilities as welfare providers, and safeguarding the short- and long-term interest of their citizens.

Methodology/approach

There are multiple studies that show the processes and impacts of nationalizations and privatizations (also called denationalizations) worldwide. This chapter analyses specific cases to the light of existing international business literature and proposes prepositions for future studies.

Findings

This chapter presents an analysis where theories of internationalization could be used to analyze specific advantages of States and domestic investors when assuming ownership of operations of international business in their national territory.

Originality/value

The context, processes, and consequences of nationalization of foreign firms historically, economically, and politically have generally a correlation either with political changes, and macroeconomic scenarios related to scarcity and uncertainty in the international market of extractive industries, or with nationalistic political views in national governments.

Details

Beyond the UN Global Compact: Institutions and Regulations
Type: Book
ISBN: 978-1-78560-558-1

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Book part
Publication date: 17 March 2010

Mihaela Şerban Rosen

This chapter examines the survival of private property during the early transition to communism in Romania at the intersection of state policies, ideologies, and legal…

Abstract

This chapter examines the survival of private property during the early transition to communism in Romania at the intersection of state policies, ideologies, and legal practices. It focuses on petitions contesting urban housing nationalization in the city of Timişoara between 1950 and 1965. I argue that petitions are partially successful acts of microresistance through law that contested the communist regime's concept of private property, played a role in halting further urban housing nationalization, undermined the regime's attempts at building legitimacy through legality, and challenged ideas about legal instrumentalism in a communist system.

Details

Special Issue Interdisciplinary Legal Studies: The Next Generation
Type: Book
ISBN: 978-1-84950-751-6

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Article
Publication date: 19 May 2021

Said Elbanna

This study aims to advance practice and research on workforce nationalization in the Gulf Cooperation Council (GCC) countries through identifying relevant policy and…

Abstract

Purpose

This study aims to advance practice and research on workforce nationalization in the Gulf Cooperation Council (GCC) countries through identifying relevant policy and practical implications needed to implement nationalization initiatives effectively.

Design/methodology/approach

The author followed a two-stage approach. Stage 1 reviewed the literature to identify relevant papers on workforce nationalization in the GCC region. Stage 2 used a thematic analysis to propose relevant implications for both policy makers and employers.

Findings

Through the lens of four perspectives at different levels, i.e. legal, organizational, human development and socio-cultural perspectives, the author has identified ten policy and practical implications. Both governments and employers need to consider these when developing holistic strategies for effective workforce nationalization.

Originality/value

Over several decades, the GCC countries have been implementing several nationalization initiatives to increase the percentage and qualifications of their national employees. The significance of these initiatives stems from the fact that the GCC countries lack adequately trained citizens. Moreover, regardless of political attitudes toward foreigners, development plans for modernization, industrialization or urbanization heavily relies on foreign employees. This is because nationals represent the minority of employees and are largely employed in the public sector. This phenomenon needs the attention of scholars to discuss different aspects of nationalization and how to effectively implement it.

Details

Personnel Review, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 0048-3486

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Article
Publication date: 8 June 2010

Simeon Scott

The purpose of this paper is to investigate the theory and practice of stakeholder democracy. After examining the liberal notion of representative democracy, the paper…

Abstract

Purpose

The purpose of this paper is to investigate the theory and practice of stakeholder democracy. After examining the liberal notion of representative democracy, the paper seeks to identify the democratic deficit associated with the shareholder and stakeholder approaches to corporate governance. Investigating stakeholder democracy in nationalized industries in both market‐ and state‐capitalist societies, the argument presented is that neither type of society has significantly increased stakeholder involvement in decision making.

Design/methodology/approach

The paper uses a Hegelian dialectical approach to stakeholder democracy; relying on such modes of analysis as identifying internal contradictions.

Findings

The paper concludes that stakeholder democracy is both real and nominal in the political sphere, but restricted and contested in the private and public sectors in the economic sphere.

Practical implications

The paper calls for the setting‐up of democratic structures to oversee the production and distribution of the goods and services necessary for human wellbeing.

Originality/value

The paper investigates the relatively neglected topic of stakeholder democracy, using a Hegelian dialectical methodology. In the context of the 2007/2008 financial crisis and its recessionary aftermath, the paper calls for a radical re‐evaluation of corporate governance.

Details

Social Responsibility Journal, vol. 6 no. 2
Type: Research Article
ISSN: 1747-1117

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Article
Publication date: 28 June 2011

Andrew Cardow, David Tripe and William Wilson

This paper aims to argue that in the short history of New Zealand banking, political experimentation, based at first upon socialist ideology of the 1940s led to the…

Abstract

Purpose

This paper aims to argue that in the short history of New Zealand banking, political experimentation, based at first upon socialist ideology of the 1940s led to the nationalisation of The Bank of New Zealand (BNZ), followed by a period of neo‐liberalism in the 1980s and early 1990s in which the bank was privatised. It further argues that the establishment of Kiwibank Ltd in New Zealand at the dawn of the twenty‐first century was a return to the political ideology of the 1940s.

Design/methodology/approach

The paper discusses the nationalisation and subsequent privatisation of the BNZ and draws a parallel between the perceived banking environment as it existed in New Zealand in the twentieth century and as it existed at the establishment of Kiwibank. By way of context setting it also discusses the political environment as it relates to the nationalisation of the Bank of England.

Findings

The paper finds that in New Zealand, political experimentation, not commercial pragmatism, was the underlying motivating factor for the state's involvement in banking.

Originality/value

The paper contributes to the pool of knowledge regarding the political motivations behind nationalisation and state ownership of banking assets. The article is of interest to economic and political historians as well as those who study New Zealand political party history. Future policy makers could do well to reflect upon the motivations for state ownership of banking assets by asking if their decisions are driven by ideology or economics.

Details

Journal of Management History, vol. 17 no. 3
Type: Research Article
ISSN: 1751-1348

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Article
Publication date: 21 June 2013

Baker Ahmad Alserhan

While the legislative side of workforce nationalization as a key target area for public policies has been extensively studied and scrutinized, the marketing side has not…

Abstract

Purpose

While the legislative side of workforce nationalization as a key target area for public policies has been extensively studied and scrutinized, the marketing side has not. It remains mostly overlooked, leaving both researchers and practitioners with little or no information to begin with. This “marketing” information gap represents the focus of this paper and it is exactly what the author aims to bridge.

Design/methodology/approach

A thorough analysis of how nationalization policy has been perceived by the UAE workforce was carried out and the results of that analysis were used to identify the core components of a balanced strategy that aims at enhancing the image of Emiratisation as a public brand, or a public offering, and hence improving the implementation of the policy i.e. increase the employability of citizens and, at the same time, retain the much‐needed expatriate workforce.

Findings

The study, which consisted of 180 interviews collected in the United Arab Emirates (UAE), revealed that workforce nationalization as a government offering has been inadequately branded by stakeholders and the government did not engage the branding process at any level. The branding part of the policy was not addressed at all. In effect, the policy was left on its own in that regard. As a result, “brand Emiratisation” now stands for mutual private‐public distrust, implementation difficulties, and serious misgivings about the nature of the policy.

Originality/value

This is the first study internationally to address labor nationalization policies from a marketing perspective. As such the results and discussions therein have wide implications for the employment decisions in organizations, particularly as the number of countries imposing restrictions on the employment of foreign workers continues to rise.

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Book part
Publication date: 15 July 2009

Ross B. Emmett and Kenneth C. Wenzer

Dublin, Wednesday, 1 a.m., Aug. 9, 1882.

Abstract

Dublin, Wednesday, 1 a.m., Aug. 9, 1882.

Details

Henry George, the Transatlantic Irish, and their Times
Type: Book
ISBN: 978-1-84855-658-4

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Expert briefing
Publication date: 17 January 2017

Nationalisation of Ukraine's largest bank.

Details

DOI: 10.1108/OXAN-DB217321

ISSN: 2633-304X

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Topical
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Article
Publication date: 1 January 1984

Greg Bamber

Iron and steel is an old industry. As a cyclical and a strategically important industry, it has long been subject to extensive government intervention in most countries…

Abstract

Iron and steel is an old industry. As a cyclical and a strategically important industry, it has long been subject to extensive government intervention in most countries, including Britain. When Labour won the general election in 1945, it was already pledged to nationalise several industries, including coal and steel. But steel had a lower priority than coal; the labour movement had not agreed a plan for steel nationalisation, which became the most complex and bitterly contested of the post‐war nationalisations.

Details

Employee Relations, vol. 6 no. 1
Type: Research Article
ISSN: 0142-5455

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Article
Publication date: 2 July 2018

Usamah F. Alfarhan and Samir Al-Busaidi

The purpose of this paper is to explain prevalent earnings differentials in Gulf Cooperation Council’s (GCC’s) private sectors between skilled local and migrant labor and…

Abstract

Purpose

The purpose of this paper is to explain prevalent earnings differentials in Gulf Cooperation Council’s (GCC’s) private sectors between skilled local and migrant labor and provide estimates of potential price distortions to underlie future market-based corrective policies that increase participation of locals in private employment.

Design/methodology/approach

The paper uses an individual-level data set on workers’ earnings and productivity-related characteristics to decompose estimated earnings differentials at the mean level and at various percentiles of the earnings distribution via well-established decomposition approaches.

Findings

Results show that the real earnings differential between locals and Asians decreases at higher earnings, while that between locals and non-GCC Arabs are relatively stable. Both are characterized by overpayment of locals, that is, self-inflicted by current nationalization policies. Higher earnings of Westerners are due to their superior productivity-related characteristics.

Research limitations/implications

Due to the lack of official individual-level data on workers’ productivity-related characteristics, this paper is compelled to utilize an open-source primary data set. Despite the data set’s ability to reproduce officially published aggregates and produce sound econometric results, findings are not entirely proof against sampling bias.

Practical implications

The paper demonstrates that the failure of GCC’s nationalization policies is self-inflicted by the current quota system and by the lack of legislative frameworks that ensure equal pay for equal work. Effective nationalization ought to be market based, rather than by fiat.

Originality/value

The paper is the first to analyze GCC’s private earnings differentials at the individual level and provides micro-econometric evidence on existing price distortions.

Details

International Journal of Manpower, vol. 39 no. 4
Type: Research Article
ISSN: 0143-7720

Keywords

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