Public enterprises remain of fundamental importance in advanced economies, and this volume characterises them as hybrids, influenced by markets and ministries.

First Published in 1989. Routledge is an imprint of Taylor & Francis, an informa company.

In many parts of the world public enterprise is in crisis. Privatisation programmes are being widely touted as the solution to many of the problems of inefficiency and slow rates of growth associated with public enterprise. This book discusses the underlying causes of those problems, and critically examines some of the solutions that have been adopted. Its geographical coverage is wide and it cuts across the political spectrum. The experiences of countries in four continents are analysed in an attempt to shed light on current dilemmas. Recurrent patterns are found; problems are frequently seen to be political as much as economic, and bureaucracy and administrative confusion is often found to be at the heart of poor financial performance.Yet since political aims, economic environment, and administrative and managerial capabilities vary so widely, universal solutions remain more difficult to define than universal problems.

This book is concerned with public production of private goods or, with public supply of private demand, and examines the economic issues that arise in this context. It takes a middle road between recent more extensive and more extreme treatments of public enterprises.

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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.

A study of Korea's economic growth and modernization, beginning with Yi Dynasty entepreneurship and extending through the colonial and post-war periods. Separate chapters are devoted to the colonial heritage, the government economic decision-making process; implementation of government policy; public enterprise; private entrepreneurship, including supply of labor and capital and sources of expansion; and private economic power. Case studies of small and medium enterpises and also of chaebol are presnted. Over 70 tables and figures are included.

Examines whether Africa's disappointing economic performance reflects a failure to undertake structural adjustment reforms or a failure of those reforms to boost growth. Covers 29 African countries that underwent adjustment in the late 1980s. To reverse the economic decline that began in the 1970s, many Sub-Saharan countries initiated programs to pave the way for long-term development and prosperity by restructuring their economies. This report addresses just how much those countries undertaking reform actually changed their policies, the extent to which their policy reforms restored growth, and the future for adjustment. The report recognizes that adjustment can work in Africa but that it cannot work miracles in reducing poverty or ensuring sustained, equitable growth. African adjustment programs must go hand in hand with long-term development efforts to invest more in human capital and infrastructure, expand institutional capacity, and provide better governance.