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Although observers of the Pakistani economy are well aware that a
small number of family groups, popularly called "the twenty-two
families," dominates the industrial structure of the country, the
actual effects of this concentration of economic power on income
distribution and on other areas of widespread social and political
concern arc less well understood. In this important work, Lawrence
J. White uses the concepts of industrial organization analysis to
achieve an overall view of the problems stemming from the marked
industrial concentration in Pakistan. After discussing the economic
effects of industrial concentration as they apply generally to less
developed countries, Professor White reviews the Pakistani
experience, estimating the overall concentration of power that
exists in manufacturing, banking, and insurance. Following an
estimate of the extent of concentration in individual markets, he
examines the origins of this concentration of power and analyzes
its economic and noneconomic effects in Pakistan. The author
concludes with a review of the policies that Pakistan has pursued
in dealing with industrial concentration and suggests new courses
of action for the future. Originally published in 1974. The
Princeton Legacy Library uses the latest print-on-demand technology
to again make available previously out-of-print books from the
distinguished backlist of Princeton University Press. These
editions preserve the original texts of these important books while
presenting them in durable paperback and hardcover editions. The
goal of the Princeton Legacy Library is to vastly increase access
to the rich scholarly heritage found in the thousands of books
published by Princeton University Press since its founding in 1905.
Although observers of the Pakistani economy are well aware that a
small number of family groups, popularly called "the twenty-two
families," dominates the industrial structure of the country, the
actual effects of this concentration of economic power on income
distribution and on other areas of widespread social and political
concern arc less well understood. In this important work, Lawrence
J. White uses the concepts of industrial organization analysis to
achieve an overall view of the problems stemming from the marked
industrial concentration in Pakistan. After discussing the economic
effects of industrial concentration as they apply generally to less
developed countries, Professor White reviews the Pakistani
experience, estimating the overall concentration of power that
exists in manufacturing, banking, and insurance. Following an
estimate of the extent of concentration in individual markets, he
examines the origins of this concentration of power and analyzes
its economic and noneconomic effects in Pakistan. The author
concludes with a review of the policies that Pakistan has pursued
in dealing with industrial concentration and suggests new courses
of action for the future. Originally published in 1974. The
Princeton Legacy Library uses the latest print-on-demand technology
to again make available previously out-of-print books from the
distinguished backlist of Princeton University Press. These
editions preserve the original texts of these important books while
presenting them in durable paperback and hardcover editions. The
goal of the Princeton Legacy Library is to vastly increase access
to the rich scholarly heritage found in the thousands of books
published by Princeton University Press since its founding in 1905.
Drawing on papers from a January 1981 conference held by the
Salomon Center for the Study of Financial Institutions at New York
University, this work examines theoretical questions concerning
mergers and acquisitions, legal and social concerns, patterns of
mergers and acquisitions, and mergers in th
Network industries comprise a large sector of the US economy. This
text shows that public policy concerns are not accidental, because
such industries often embody two major and widely recognized forms
of potential market failure: significant economies of scale, and
externalities.
This is a reprint of a previously published work. It deals with how
emerging technologies have affected financial markets and their
regualtion.
Goldberg (finance, U. of Miami) and White (economics, New York U.)
present the results of a 1978 conference that brought together
representatives from business, government, and academics. Much of
the conversation revolves around the Glass- Steagall Act and
attempts to remove the dividing line betwee
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