 Public Enterprise and DevelopmentR. C. Mascarenhas
Chapter 9 in Comparative Political Economy of East and South Asia, 1999, pp 153-169 from Palgrave Macmillan Abstract: Abstract When used as a strategy of industrialization, state intervention involves the setting-up of public enterprises as instruments of development. Public enterprises are established by government and produce goods and services that are sold on the market for a price, fee or charge and are distinct from other types of public goods (Mascarenhas, 1982a). In the absence of a private sector in TW countries and the consequent inability to raise capital or attract entrepreneurs and managerial skills, governments set up public enterprises. As TW countries sought to promote economic development through rapid industrialization, the state became the natural source for mobilizing the resources for such investment. It is in such a context that public enterprise as a strategy of development is to be viewed, not from the narrow financial and economic perspective that currently dominates thinking (Mascarenhas, 1996) Keywords: Private Sector; Public Good; Public Enterprise; Public Ownership; Comparative Political Economy (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-333-98353-9_9 Ordering information: This item can be ordered from Access Statistics for this chapter More chapters in Palgrave Macmillan Books from Palgrave Macmillan |
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