Article by Charles Handy assessing corporate revenue and growth, and whether the UK should follow the example of Switzerland, Germany, and Austria. Handy begins the article discussing how certain countries, such as Switzerland, Germany, Austria, and Sweden, are able to permit high salaries for senior and middle managers while allowing for the imposition of high taxes on high-salary business executives. Handy then ponders whether such practices should be imitated, as high salaries coupled with high taxes can be used to improve the quality of infrastructure, especially transport, telecommunications, and education. Such improved quality in infrastructure, Handy reasons, would then enable productivity improvements that justify the higher salaries. He proceeds to note that the trickle-down theory of economics as applied in Britain, where lower taxes would hopefully stimulate wealth and enable a productive and educated workforce, has not proven successful. However, as he notes, low taxes have proven to act as a hygiene factor, that is, they do not motivate one to work harder but do serve to lure successful businesses back to Britain or provide an incentive for them to stay put. Still, Handy recommends that Britain begin imitating the economic arrangement of Switzerland, Germany, and Austria, and, to break in to the new upward spiral, suggests imitating the current process of eastern Germany, in particular.
Handy, Charles B Gross national product Taxes-Great Britain Singh, Sunita Supply-side economics--Great Britain Supply-side economics Sweden Germany Germany (East) Austria Switzerland Cold War Institute of Directors
Source
Article by Charles Handy assessing corporate revenue and growth, and whether the UK should follow the example of Switzerland, Germany, and Austria, 1991; Charles Handy Papers; Box 20, Folder 4; 1 page
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