Why the product-liability plague is no longer just a U.S. malady

Article Abstract:

In the past ten years, U.S. product liability cases have increased 758 percent, and in 1984 there were over 400 million-dollar awards in U.S. tort cases. Aside from the effects these developments have had on product development costs and insurance costs within the U.S., the apparent greediness of the U.S. public, its lawyers and court system is beginning to affect foreign businesses operating in the U.S. and, by extension, business operations in foreign countries. The economic aspects of product liability are discussed for British, Italian, German, and French manufacturers' international and domestic operations.

Italy, Laws, regulations and rules, France, Product liability, Corporations, Product safety, Products liability, Tort liability, Products liability insurance, Product liability insurance, Tort liability of corporations, Germany, West

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Is profit-sharing the best way to get Europe to work?

Article Abstract:

On a lecture tour in Great Britain, Martin Weitzman (a professor at Massachusetts Institute of Technology) contends that fixed wages contribute to unemployment. As an alternative, Weitzman favors a wage payment system based on profit sharing concepts. Under Weitzman's wage payment plan, a worker who currently earns a fixed income of $150 per week would earn a base pay of $120 per week, with possible additional earnings based on the profitability of the company. This adjustable pay system would encourage companies to create jobs and promote worker interest in the employer's profitability, according to Weitzman.

Research, Innovations, Europe, Compensation management, Interview, Economic development, Wages, Wages and salaries, Wage payment systems, Massachusetts Institute of Technology, Pay structure, Weitzman, Martin

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Why speaking English is no longer enough

Article Abstract:

Even though English has replaced other languages as the language of science, diplomacy, and business, it is no longer adequate as the sole language for conducting business. Knowing the local language is particularly important when one is trying to penetrate a foreign market and is especially helpful in countries like France and China. Knowing the local language confers advantages such as breaking down barriers, making one's life more convenient, avoiding getting cheated, and assures that one is interpreted correctly.

Economic aspects, Language and languages, Commerce

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