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Exposed to Innumerable Delusions

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  • Waterbury,John

Abstract

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 industrialisation. This 1993 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.

Suggested Citation

  • Waterbury,John, 1993. "Exposed to Innumerable Delusions," Cambridge Books, Cambridge University Press, number 9780521434973, October.
    • Handle: RePEc:cup:cbooks:9780521434973
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    Cited by:

    1. Waterbury, John, 1999. "The Long Gestation and Brief Triumph of Import-Substituting Industrialization," World Development, Elsevier, vol. 27(2), pages 323-341, February.
    2. Adam Rogoda, 2021. "Middle East Green Islands of Economic Growth: Egyptian, Turkish and Iranian Economies during the Covid-19 Pandemic," European Research Studies Journal, European Research Studies Journal, vol. 0(Special 3), pages 634-644.
    3. Liou, Chih-shian, 2014. "Rent-seeking at Home, Capturing Market Share Abroad: The Domestic Determinants of the Transnationalization of China State Construction Engineering Corporation," World Development, Elsevier, vol. 54(C), pages 220-231.
    4. Jeffrey D. Sachs & Andrew Warner, 1995. "Economic Reform and the Process of Global Integration," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 26(1, 25th A), pages 1-118.
    5. Caplan, Bryan, 2003. "The idea trap: the political economy of growth divergence," European Journal of Political Economy, Elsevier, vol. 19(2), pages 183-203, June.
    6. William Ratliff, 1999. "Development and Civil Society in Latin America and Asia," The ANNALS of the American Academy of Political and Social Science, , vol. 565(1), pages 91-112, September.
    7. Wibbels, Erik, 2006. "Dependency Revisited: International Markets, Business Cycles, and Social Spending in the Developing World," International Organization, Cambridge University Press, vol. 60(2), pages 433-468, April.
    8. Schady, Norbert R., 1999. "Seeking votes - the political economy of expenditures by the Peruvian Social Fund (FONCODES), 1991-95," Policy Research Working Paper Series 2166, The World Bank.
    9. Jewellord Tolentino Nem Singh, 2014. "Towards Post-neoliberal Resource Politics? The International Political Economy (IPE) of Oil and Copper in Brazil and Chile," New Political Economy, Taylor & Francis Journals, vol. 19(3), pages 329-358, May.
    10. SchmitzJr, James A., 2001. "Government production of investment goods and aggregate labor productivity," Journal of Monetary Economics, Elsevier, vol. 47(1), pages 163-187, February.
    11. Krieckhaus, Jonathan, 2002. "Reconceptualizing the Developmental State: Public Savings and Economic Growth," World Development, Elsevier, vol. 30(10), pages 1697-1712, October.
    12. Patrick J. McDonald, 2007. "The Purse Strings of Peace," American Journal of Political Science, John Wiley & Sons, vol. 51(3), pages 569-582, July.
    13. Ali Burak Güven, 2012. "The IMF, the World Bank, and the Global Economic Crisis: Exploring Paradigm Continuity," Development and Change, International Institute of Social Studies, vol. 43(4), pages 869-898, July.
    14. McCourt, Willy, 2003. "Political Commitment to Reform: Civil Service Reform in Swaziland," World Development, Elsevier, vol. 31(6), pages 1015-1031, June.
    15. Bugra Kalkan, 2016. "The Role Of The Economic Rents In The Political Transformation Of Turkey After The 1980s," Eurasian Journal of Social Sciences, Eurasian Publications, vol. 4(3), pages 1-13.
    16. Clements, Paul, 1999. "Informational Standards in Development Agency Management," World Development, Elsevier, vol. 27(8), pages 1359-1381, August.
    17. Richard Batley & Willy McCourt & Claire Mcloughlin, 2012. "Editorial," Public Management Review, Taylor & Francis Journals, vol. 14(2), pages 131-144, February.
    18. El-Haddad, Amirah, 2020. "Redefining the social contract in the wake of the Arab Spring: The experiences of Egypt, Morocco and Tunisia," World Development, Elsevier, vol. 127(C).

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