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State-Owned Enterprises in the Development Process

image of State-Owned Enterprises in the Development Process

This publication is a first response of the OECD to the issue of what role is, or can be, assigned to SOEs as part of national development strategies. The first part of the publication overviews the experiences of five countries (Brazil, China, India, Singapore and South Africa) with using SOEs, and other government-controlled entities as agents of their development strategies. The second part reviews the growing internationalisation of SOEs through foreign trade and investment. These show implications that the usefulness of SOEs in promoting economic development hinges on a number of factors, not least the level of economic development at the beginning of the process. Indeed, if the government’s ambition is to follow a development path already trod by numerous comparable nations it is relatively easy to hammer out a strategy and provide the SOEs with company-specific objectives toward the fulfilment of the strategy. However, experience also shows that some crucial conditions generally need to be met for such SOE-based strategies to be successful, taking into account the capacity of national bureaucracies and avoiding possible adverse impacts on international trade and investment.

 

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Preface

The mission of the Organisation for Economic Co-operation and Development (OECD) is to promote policies that will improve the well-being of people around the world. We refer to this as working toward ”Better Policies for Better Lives”. We work with governments to identify good policies for supporting economic growth, job creation, social cohesion and environmental protection. These are obviously priorities for all policy makers, but nowhere more than in emerging economies searching for ways to advance economic and societal development.

English

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