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Books > Business & Economics > Economics > Macroeconomics
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The Economics of Public Enterprise (Hardcover)
Loot Price: R4,049
Discovery Miles 40 490
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The Economics of Public Enterprise (Hardcover)
Series: Routledge Library Editions: Public Enterprise and Privatization
Expected to ship within 10 - 15 working days
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Public enterprises have played a central part in the development of
all mixed economies in the post-war period, but they are now in a
crisis phase. Privatisation has pushed back the level of public
enterprise almost throughout the world. Where public enterprises
remain, they are being brought under significant reforms.
Originally published in 1991, this book presents a comprehensive
critique of public enterprise, analysing why its performance has
fallen far short of expectations. Part one is concerned with the
establishment of public enterprises: the case for them, the
circumstances in which they emerged, the extra enterprise
objectives attached to them, and the decisions on their investment
feasibility and capital structure. Part two looks at the working of
public enterprises: the state of their financial performance, the
peculiarities of pricing, the determination of targets which they
should meet, the continuous monitoring and evaluation of their
operations. Macro concerns are the focus of Part three. Among the
issues addressed are the level of indirect taxation and
subsidisation implicit in the pricing structures of public
enterprises, the links between public enterprise and the public
exchequer and the implications of their operations for
distributional equity. In Part four the extent to which
privatisation can solve the problems of public enterprise is
discussed. The book ends with some broad conclusions on the future
of public enterprise. Throughout, the approach is analytical, but
the arguments are supported by extensive examples from both
developed and developing economies.
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