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Originally published in 1984, this book grew out of the papers (and
discussions) presented at the Seminar conducted at London Business
School during March-June 1983, with a focus on the problems of
public enterprise in the context of the developing world.
Essentially, three facts of thought emerged: first, on the working
of public enterprises in developing countries; second, on joint
ventures and consultancies involving public enterprises in the two
groups of countries; and third, on the value and relevance of
experience of public enterprises in developed countries,
particularly in the UK, for the developing countries. Broadly, the
Chapter 1 belongs to the first category, Chapters 6 and 7 to the
second and Chapters 8 to 13 to the third. The concluding review
seeks to highlight some of the major issues that deserve notice in
the light of the views expressed in the papers and the discussions
that took place on them.
How amenable is public enterprise to the implementation of national
distributional policies? This is the question explored here by
Professor Ramanadham. Originally published in 1988, he examines the
various channels through which distributional effects take place
through their operations, and draws attention to the implicit
conflicts of interest among consumers, workers, and tax payers. He
focuses on the problems associated with the use of public
enterprises as instruments of distributional goals and examines the
question of whether direct budgetary measures on the part of
government would be preferable. There are detailed analyses of the
distributional implications of wage incomes, prices, and surpluses
in the public enterprise sector. Finally, the author comments from
the distributional angle on the results of privatization. Here is a
detailed study of the way in which public enterprise may be
employed as an instrument of redistribution of income and wealth,
also of the extent to which this is feasible.
The Conservative's privatisation programme was one of the most
ambitious aspects of their attempt to redraft the political and
economic map of the United Kingdom. Originally published in 1988,
this book explores the processes of privatisation from a variety of
standpoints. Its contributors include academics, enterprise
executives and government officials, many of whom had been closely
involved in the programme. Fiscal, legal and social aspects of
privatisation are explored but the book treats the subject as more
than an immediate political issue and takes the opportunity to
discuss the success - or otherwise - of public enterprise and to
explore the implication of the UK experience for other countries
which have an interest in privatisation.
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.
In both the developed world and the third world public enterprise
has come to assume considerable importance in the structure and
development of national economies. Originally published in 1984,
this book, by an acknowledged international authority on public
enterprise, explores this concept in both the major and the
developing economies. He analyses how public enterprise functions
and demonstrates how it may be integrated into both traditional
Western mixed economies and third world economies with a much high
level of state control.
It is widely felt that the public sector in many developing
countries is too large, and that privatisation would benefit both
the users of individual services and the economy in general.
However, enthusiasm for private enterprise solutions is not always
matched by the requisite financial and economic technology. The
sort of schemes appropriate for a country like China, with its
highly planned public sector economy, and Jordan, with its dominant
private sector, are unlikely to be the same. Privatisation without
reference to these differences will be an economic, administrative
and organisational chaos rather than a panacea. Originally
published in 1989, this book starts with an analysis on the
concept, rationale and fundamental issues of privatisation, with
reference to both developed and developing countries. There follows
a critical scrutiny of the privatisation programmes of countries in
Asia, Africa and Latin America, written by contributors actively
concerned with public enterprise and privatisation at the time. It
examines the role of international aid agencies, including the
World Bank, in promoting the schemes and it details the positive
impact of them as well as their pitfalls. These country accounts
are complemented by a concluding chapter giving an overview of the
substantial issues raised.
Originally published in 1959, the author has observed at first hand
the workings of public enterprise in Britain. He has coupled
objectivity with an acute sense of economic perception and has
produced a clear and ordered study of the workings of
nationalization in industry at the time. His book does not contain
an argument on whether nationalization is desirable or not. On the
assumption that there is nationalization he attempts to discuss
certain important problems raised by it in the fields of
management, pricing, resource allocation and public control. He
hopes that a discussion of this nature will contribute towards
ensuring the most satisfactory results from nationalization.
Originally published in 1986, this volume brings together papers on
the organisational structure of select public enterprises from nine
countries, developed and developing. They are set in different
forms, work in different sectors and have diverse experiences,
often on similar issues. The papers are written by top executives
of the respective enterprises and, therefore, contain an authentic
presentation of the problems and processes of organisation. The
editor has included, at the beginning, an analytical review on
certain fundamental aspects of organisational structure which, for
the purpose of this volume, has been conceived in wide terms. Every
one of these aspects is not exactly covered by every empirical
paper. At the end he has provided a comparative review, trying to
keep to a minimum repetition of material from the papers.
Published in the year 1983, Government and Public Enterprise is a
valuable contribution to the field of Politics.
The Conservative's privatisation programme was one of the most
ambitious aspects of their attempt to redraft the political and
economic map of the United Kingdom. Originally published in 1988,
this book explores the processes of privatisation from a variety of
standpoints. Its contributors include academics, enterprise
executives and government officials, many of whom had been closely
involved in the programme. Fiscal, legal and social aspects of
privatisation are explored but the book treats the subject as more
than an immediate political issue and takes the opportunity to
discuss the success - or otherwise - of public enterprise and to
explore the implication of the UK experience for other countries
which have an interest in privatisation.
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.
In both the developed world and the third world public enterprise
has come to assume considerable importance in the structure and
development of national economies. Originally published in 1984,
this book, by an acknowledged international authority on public
enterprise, explores this concept in both the major and the
developing economies. He analyses how public enterprise functions
and demonstrates how it may be integrated into both traditional
Western mixed economies and third world economies with a much high
level of state control.
How amenable is public enterprise to the implementation of national
distributional policies? This is the question explored here by
Professor Ramanadham. Originally published in 1988, he examines the
various channels through which distributional effects take place
through their operations, and draws attention to the implicit
conflicts of interest among consumers, workers, and tax payers. He
focuses on the problems associated with the use of public
enterprises as instruments of distributional goals and examines the
question of whether direct budgetary measures on the part of
government would be preferable. There are detailed analyses of the
distributional implications of wage incomes, prices, and surpluses
in the public enterprise sector. Finally, the author comments from
the distributional angle on the results of privatization. Here is a
detailed study of the way in which public enterprise may be
employed as an instrument of redistribution of income and wealth,
also of the extent to which this is feasible.
It is widely felt that the public sector in many developing
countries is too large, and that privatisation would benefit both
the users of individual services and the economy in general.
However, enthusiasm for private enterprise solutions is not always
matched by the requisite financial and economic technology. The
sort of schemes appropriate for a country like China, with its
highly planned public sector economy, and Jordan, with its dominant
private sector, are unlikely to be the same. Privatisation without
reference to these differences will be an economic, administrative
and organisational chaos rather than a panacea. Originally
published in 1989, this book starts with an analysis on the
concept, rationale and fundamental issues of privatisation, with
reference to both developed and developing countries. There follows
a critical scrutiny of the privatisation programmes of countries in
Asia, Africa and Latin America, written by contributors actively
concerned with public enterprise and privatisation at the time. It
examines the role of international aid agencies, including the
World Bank, in promoting the schemes and it details the positive
impact of them as well as their pitfalls. These country accounts
are complemented by a concluding chapter giving an overview of the
substantial issues raised.
Originally published in 1959, the author has observed at first hand
the workings of public enterprise in Britain. He has coupled
objectivity with an acute sense of economic perception and has
produced a clear and ordered study of the workings of
nationalization in industry at the time. His book does not contain
an argument on whether nationalization is desirable or not. On the
assumption that there is nationalization he attempts to discuss
certain important problems raised by it in the fields of
management, pricing, resource allocation and public control. He
hopes that a discussion of this nature will contribute towards
ensuring the most satisfactory results from nationalization.
Originally published in 1986, this volume brings together papers on
the organisational structure of select public enterprises from nine
countries, developed and developing. They are set in different
forms, work in different sectors and have diverse experiences,
often on similar issues. The papers are written by top executives
of the respective enterprises and, therefore, contain an authentic
presentation of the problems and processes of organisation. The
editor has included, at the beginning, an analytical review on
certain fundamental aspects of organisational structure which, for
the purpose of this volume, has been conceived in wide terms. Every
one of these aspects is not exactly covered by every empirical
paper. At the end he has provided a comparative review, trying to
keep to a minimum repetition of material from the papers.
Originally published in 1984, this book grew out of the papers (and
discussions) presented at the Seminar conducted at London Business
School during March-June 1983, with a focus on the problems of
public enterprise in the context of the developing world.
Essentially, three facts of thought emerged: first, on the working
of public enterprises in developing countries; second, on joint
ventures and consultancies involving public enterprises in the two
groups of countries; and third, on the value and relevance of
experience of public enterprises in developed countries,
particularly in the UK, for the developing countries. Broadly, the
Chapter 1 belongs to the first category, Chapters 6 and 7 to the
second and Chapters 8 to 13 to the third. The concluding review
seeks to highlight some of the major issues that deserve notice in
the light of the views expressed in the papers and the discussions
that took place on them.
First Published in 1987. Routledge is an imprint of Taylor and
Francis, an informa company.
Privatization creates gainers and losers. Increasingly,
governments, particularly those in developing countries, are coming
to realize that privatization can have a very severe economic
impact and raises problems of equity. Yet remedial actions are
often inadequate and unsystematic. In "Privatization and Equity",
the authors look at some of the problems brought about by the
change to private ownership. They identify factors which can lead
to greater inequality, including changes in market structure,
foreign ownership and operating policies. They also highlight the
consequences of ignoring considerations of equity. In the short
term these can discredit privatization programmes, and in the long
term might even see them reversed.
Privatization and After discusses the need to monitor
privatization. The authors argue that monitoring will show whether
or not the process is fulfilling its objectives and contributing to
improved economic performance. The book also assesses the need for,
and techniques of, regulating privatized enterprises in situations
of continuing monopoly or significant market control. This is
supported by an in-depth analysis of regulation in the UK and its
implications for developing countries. Further illustrative
material is drawn from a range of developed, developing and former
socialist countries.
Privatization has been the spearhead of the moves towards
de-regulation that have characterized economic policy in the last
decade. "Privatisation - A Global Perspective" documents the
developments in privatization in 25 country studies. It presents a
comprehensive and detailed survey of the privatization phenomena
and focuses on specifics. The main features of each country's
privatization programme are outlined and then particular successes
and problems are highlighted. Material from developed, developing
and formerly socialist countries is included in a comparable
format, and the distinguishing features of comparison and contrast,
as well as broad conclusions, are presented in the concluding
review by the editor. The authors include professors, ministers,
public enterprise executives, practising accountants and other
specialists.
First Published in 1987. Routledge is an imprint of Taylor &
Francis, an informa company.
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