Exposed to Innumerable Delusions: Public Enterprise and State Power in Egypt, India, Mexico, and Turkey (Paperback) (ISBN-13: 9780521435499)

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 industrialization. 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: John Waterbury
ISBN-10: 0521435498
ISBN-13: 9780521435499
Publisher: Cambridge University Press
Language: English
Published: 09/24/1993
Pages: 368
Format: Paperback
Weight: 1.08lbs
Size: 8.97h x 6.01w x 0.70d