Exposed to Innumerable Delusions by John Waterbury
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Format Paperback
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Description A comparative analysis of the growth of public enterprise sectors in Egypt, India, Mexico and Turkey.
Publisher 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.
Author Biography
Waterbury is president of The American University of Beirut.
Details ISBN 0521435498 ISBN-13 9780521435499 Title Exposed to Innumerable Delusions Author John Waterbury Format Paperback Year 1993 Pages 368 Publisher Cambridge University Press GE_Item_ID:7719335; About Us
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