Table of Contents

Preface Notes on the Contributors Introduction: Corporate Resource Allocation and Employment Opportunities; W.Lazonick & M.O'Sullivan Maximising Shareholder Value: A New Ideology for Corporate Governance; W.Lazonick & M.O'Sullivan Organizational Learning and International Competition: The Skill-Base Hypothesis; W.Lazonick Good Jobs and the Cutting Edge: The U.S.Machine Tool Industry; R.Forrant Good Jobs Flying Away: The U.S. Jet Engine Industry; B.Almeida What Prognosis for Good Jobs?: The U.S. Medical Diagnostic Imaging Equipment Industry; C.Tilly with M.Handel Earnings Inequality and the Quality of Jobs: Current Research and a Research Agenda; P.Moss The Japanese Economy and Corporate Reform: What Path to Sustainable Prosperity?; W.Lazonick Corporate Governance in Germany: Productive and Financial Challenges; M.O'Sullivan Index

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BETH ALMEIDA Research Economist, International Association of Machinists and Aerospace Workers ROBERT FORRANT Associate Professor, Department of Regional Economic and Social Development MICHAEL HANDEL Assistant Professor, Sociology Department, University of Wisconsin-Madison PHILIP MOSS Professor Department of Regional Economic and Social Development, University of Massachusetts Lowell CHRIS TILLY University Professor, Department of Regional Economic and Social Development, University of Massachusetts Lowell

About the Author

WILLIAM LAZONICK is Professor in the Department of Regional Economics and Social Development at the University of Massachusetts Lowell, and Co-Director of the Center for Industrial Competitiveness, and at the European Institute of Business Administration (INSEAD). His books include Competitive Advantage on the Shop Floor, Business Organization and the Myth of the Market Economy and Organization and Technology in Capitalist Development. - MARY O'SULLIVAN is Research Associate of the Levy Institute and STEP Group, and a faculty affiliate of Harvard University's Center for European Studies. She joined INSEAD in January 1997 and won the INSEAD teacher of the year award for an elective MBA course, Innovation, Strategy, and Corporate Governance taught in March and April 1997.