单词 | corporatism |
释义 | corporatism The system of reaching economic decisions through negotiation between centralized corporate bodies representing economic groupings, notably employers and workers. This is contrasted with a reliance on decentralized bargaining between individuals or limited groups. The supporters of corporatism have hoped that it could improve the trade-off between inflation and unemployment, by inducing all parties to adopt a consensus view on prices and incomes. Empirical testing of such claims is extremely difficult, due to the difficulty of measuring the real effectiveness of apparently centralized procedures. |
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