Public Enterprise in Less Developed Countries

Contents......Page 6
Contributors......Page 12
Figures and tables......Page 14
Preface......Page 18
1 Introduction......Page 20
Part I
Why public enterprise?......Page 34
2 Role of economic factors in determining the
size and structure of the public-enterprise
sector in less-developed countries with mixed
economies......Page 36
3 Political economy of public enterprise......Page 68
Part II
Principal-agent relationships: Who should control
public enterprises?......Page 84
4 State-owned enterprise: an agent without a
principal......Page 86
5 Social accountability of public enterprises:
law and community controls in the new
development strategies......Page 96
Part III
How are decisions made in practice?......Page 120
6 Comparing state enterprises across
international boundaries: the Corporacion
Venezolana de Guayana and the Companhia
Vale do Rio Doce......Page 122
7 Decision structure, technological self-reliance,
and public-enterprise performance......Page 146
8 Labor-management conflict resolution in
state-owned enterprises: a comparison of
public- and private-sector practices in India......Page 158
Part IV
How do public enterprises behave in international
markets?......Page 184
9 State-owned enterprises in the world economy:
the case of iron ore......Page 186
10 Changing patterns of ownership and
integration in the international
bauxite-aluminum industry......Page 206
11 Public enterprise and manufactured exports
in less-developed countries: institutional and
market factors determining comparative
advantage......Page 234
Part V
How does risk alter public-enterprise decisions?......Page 260
12 Hierarchical structure and attitudes toward risk
in state-owned enterprises......Page 262
13 Public-enterprise finance: toward a synthesis......Page 274
Part VI
How are incentive structures to be designed?......Page 296
14 Performance indices for public enterprises......Page 298
15 Public enterprise versus regulation when costs
are uncertain......Page 314
Part VII
How does public enterprise compare with other
intervention mechanisms in overcoming particular
problems?......Page 328
16 Public enterprise versus other methods of state
intervention as instruments of redistribution
policy: the Malaysian experience......Page 330
17 Mixed enterprises and risk sharing in industrial
development......Page 344