Privatization

Dipak Basu and Victoria Miroshnik
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Dipak Basu: Nagasaki University
Victoria Miroshnik: Tsukuba University

Chapter 12 in International Business and Political Economy, 2015, pp 135-140 from Palgrave Macmillan

Abstract: Abstract India’s own experience shows that private companies are not any paragon of virtues. Calcutta Electric Supply Corporation, for example, is a private company but has failed to pay about Rs. 9.6 billion for the electricity it has purchased from the West Bengal State Electricity board, which, as a result, is on the verge of bankruptcy (planningcommission. nic.in). Recently the BJP government has handed out Rs. 3.5 billion of subsidies to the private sector steel plants. The situation is the same in many other states in India and in other countries where private companies either have failed or have to depend on massive state subsidies to survive. In Japan, for example, the government is buying massive amounts of shares of the private banks and private companies to keep them alive.

Keywords: International Business; Private Company; Initial Public Offering; Private Organization; Natural Monopoly (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-47486-5_13

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DOI: 10.1057/9781137474865_13

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