By United Nations
This book examines the position of Public firms in todays financial system, in particular in the context of the conclusion of the Millennium improvement targets (MDGs) and their administration, extra rather, the functionality tracking problems with Public companies. The record specializes in conceptual concerns, theories and types linked to Public firms (PE), in addition to on new administration methods correct to PE within the modern international. It additionally provides a version for a public firm governance index (PEGI) and explores its probabilities in helping on-going functionality tracking platforms of PEs in different constructing international locations.
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Additional info for Public Enterprises: Unresolved Challenges and New Opportunities
45 The government reported that Vietnam’s SOEs have “backward technology and weak management capacity with low levels of autonomy and accountability in business and production,” weak management capacity, unclear objectives, weak accounting systems, and low levels of efficiency, rising overdue debts, and large numbers of underemployed and redundant employees. 46 POLICY ALTERNATIVES FOR IMPROVING THE MANAGEMENT OF PUBLIC ENTERPRISES For all of these reasons, governments should clearly determine the development contributions of public enterprises and rationalize their structure.
In many countries ineffective public enterprises not only failed to contribute to development but siphoned-off resources that could have gone to development activities, thus creating significant opportunity costs in resource-scarce economies. The costs of continuing to subsidize unprofitable state enterprises took a heavy toll on the treasuries of even the largest countries. The government of China, for example, had to commit $11 billion (17 per cent of the national budget) in direct subsidies and $20 billion in loans to inefficient state enterprises in 1990.
Behrman, “The Institutional Imperatives of Globalization,” Global Focus: International Journal of Business, Economics and Social Policy, 12, 1 (2000): 65-78. 51 Public Enterprises: Unresolved Challenges and New Opportunities 34 one of the most important methods of privatizing water and wastewater treatment services in many countries. In South America, the public utility enterprises in Chile and Guatemala offered territorial concessions in large cities to private firms that procure, purify, distribute, meter, and charge for water.