Exposed to Innumerable Delusions

Public Enterprise and State Power in Egypt, India, Mexico, and Turkey

By:

John Waterbury

Format:

Paperback / softback

Series:

Political Economy of Institutions and Decisions

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Description

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 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.

Release date Australia

September 24th, 1993

Author

John Waterbury

Audience

Professional & Vocational

Illustrations

52 Tables, unspecified; 1 Line drawings, unspecified

Pages

368

Series

Political Economy of Institutions and Decisions

Dimensions

158x235x22

ISBN-13

9780521435499

Product ID

2481225

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