Exposed to Innumerable Delusions
Public Enterprise and State Power in Egypt, India, Mexico, and Turkey
By (author) John Waterbury
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Exposed to Innumerable Delusions by John Waterbury
Book DescriptionThe 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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Book DetailsISBN: 9780521435499
(228mm x 152mm x 21mm)
Imprint: Cambridge University Press
Publisher: Cambridge University Press
Publish Date: 24-Sep-1993
Country of Publication: United Kingdom
Books By Author John Waterbury
Exposed to Innumerable Delusions, Hardback (September 1993)
A comparative 1993 analysis of the growth of public enterprise sectors in Egypt, India, Mexico and Turkey.
Political Economy of Risk and Choice in Senegal, Paperback (June 1987)» View all books by John Waterbury
First Published in 1987. Routledge is an imprint of Taylor & Francis, an informa company.
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