Stateowned Enterprises In A Mixed Economy

Stateowned Enterprises In A Mixed Economy
Author :
Publisher : Routledge
Total Pages : 219
Release :
ISBN-10 : 9781000313130
ISBN-13 : 1000313131
Rating : 4/5 (131 Downloads)

Book Synopsis Stateowned Enterprises In A Mixed Economy by : Mehdi Haririan

Download or read book Stateowned Enterprises In A Mixed Economy written by Mehdi Haririan and published by Routledge. This book was released on 2019-09-05 with total page 219 pages. Available in PDF, EPUB and Kindle. Book excerpt: A distinctive feature of economic trends of the past three decades has been the increase in microeconomic intervention by state-owned enterprises (SOEs) in the market economies of rich industrial and poor developing nations. The majority of SOEs were established as policy instruments of choice in response to a variety of socioeconomic needs and socio-political problems. As persuasively demonstrated in this book, microeconomic efficiency criteria alone, stemming from the theory of a perfectly competitive economy, are badly designed criteria for public firms. The historical part of the book, in particular, discusses quite compellingly a number of causes other than market failures for the existence of state-owned enterprises. This discussion develops complex answers regarding causes for the existence of public firms.


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A distinctive feature of economic trends of the past three decades has been the increase in microeconomic intervention by state-owned enterprises (SOEs) in the