Reforming State-Owned Enterprises in Asia: Challenges and Solutions (1st ed. 2021) (ADB Institute Series on Development Economics)

By: Naoyuki Yoshino and Farhad Taghizadeh-Hesary and Chul Ju Kim and Kunmin Kim

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Synopsis: This book analyzes state-owned enterprises (SOEs), which are still significant players in many Asian economies. They provide essential public services, build and operate key infrastructure, and are often reservoirs of public employment. Their characteristics and inherent competitive advantages as publicly owned enterprises allow them to play these critical roles. Their weaknesses in governance and inefficiencies in incentive structures, however, also often lead to poor performance. SOEs must be efficient, transparent, and accountable to level the playing field for private companies, secure the growth of a vibrant private sector, and achieve sustained and inclusive economic growth. This book analyzes the reform of SOEs in Asia, the results of which are mixed. The volume concludes that some key conditions generally need to be met for SOE reforms to be successful: national bureaucracies must have the capacity to implement the reforms, and adverse impacts on international trade and investment must be avoided.

Book Quality:: Publisher Quality
ISBN-13:: 9789811585746
Related ISBNs:: 9789811585739
Publisher:: Springer Singapore, Singapore
Date of Addition:: 03/26/21
Copyrighted By:: Asian Development Bank Institute
Adult content:: No
Language:: English
Has Image Descriptions:: No
Categories:: Nonfiction, Business and Finance, Law, Legal Issues and Ethics, Politics and Government
Submitted By:: Bookshare Staff
Usage Restrictions:: This is a copyrighted book.
Edited by:: Farhad Taghizadeh-Hesary
Edited by:: Naoyuki Yoshino
Edited by:: Chul Ju Kim
Edited by:: Kunmin Kim