In spite of the wealth of experience which co-operative societies now have behind them, they have not gained uniform recognition across Europe. Supranational authorities such as the European Commission, the UN and the ILO have highlighted the important contribution made by co-operative societies...

This paper discusses the mechanisms of corporate governance in a centrally planned economy, following Kornai’s classical work on the Socialist system. We evaluate the role of different co-ordination mechanisms used in central and east European countries. A critical analysis of the five...