Exposed to Innumerable Delusions : Public Enterprise and State Power in Egypt, India, Mexico, and Turkey
Book Details
Format
Hardback or Cased Book
Book Series
Political Economy of Institutions and Decisions
ISBN-10
0521434971
ISBN-13
9780521434973
Publisher
Cambridge University Press
Imprint
Cambridge University Press
Country of Manufacture
GB
Country of Publication
GB
Publication Date
Sep 24th, 1993
Print length
368 Pages
Weight
704 grams
Dimensions
16.10 x 23.60 x 2.90 cms
Product Classification:
MexicoCentral / national / federal governmentCentral governmentPolitical economy
Ksh 16,000.00
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This 1993 study uses the experience of Egypt, India, Mexico and Turkey to lay bare the dynamics of public sector growth, crisis and reform.
The states of Egypt, India, Mexico and Turkey have all developed extensive public enterprise sectors and have sought to regulate most economic activities outside the state sector. Their experiences have been typical of scores of developing countries that followed similar paths of industrialisation. This 1993 study examines the origins of these state sectors, the dynamics of their growth and crises, and the efforts to reform or liquidate them. It is argued that public ownership creates its own culture and pathology that are similar across otherwise different systems. The logic of principal-agent relations under public ownership is so powerful that it swamps culture and peculiar institutional histories. While public sectors accumulate powerful associated interests over time, against most predictions these prove relatively powerless to block the reform process.
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