(Download) "Transformation and Future of Public Enterprises in Continental Western Europe (1)." by Public Finance and Management ~ eBook PDF Kindle ePub Free
eBook details
- Title: Transformation and Future of Public Enterprises in Continental Western Europe (1).
- Author : Public Finance and Management
- Release Date : January 01, 2002
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 294 KB
Description
Abstract This article recognizes that in Continental Western Europe public enterprises have recently gone through a quick revolution which has made them regional and even global players, particularly in infrastructure development and management. This is the outcome of institutional changes both within the enterprises and outside in the European Union framework of laws and regulations, on the one hand, and the rapid integration of the economies of the EU states, on the other. The response of public enterprises--the new public firms--to their incorporation as joint-stock companies and to deregulation has been to engage in oligopoly and related strategies in order to acquire market power and to stabilize their business environments. The outcome of these strategies is that the public firms have strengthened their market positions, increasing their discretion in relation to government and their capacity to cooperate in share alliances with private sector players across national borders. These changes have occurred with such a pace that they call for debate about the privatization of some of these giant firms. This debate must take serious account of the public mission of such firms.
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