ABSTRACT
This conclusion presents some closing thoughts on the concepts covered in the preceding chapters of this book. The book suggests the importance of the development context in the evolution of public enterprise in developing countries for an understanding of its performance situation. It provides some interesting material on the role of public enterprises in implementing policies of income distribution. The book considers the difficulty of providing inductive answers to several important questions on the uniqueness of joint ventures involving public enterprises. The book presents, in a sense, the experience of the UK nationalised industries in the field of collaboration and consultancy in developing countries. It reviews the growing disenchantment in the UK with the practice of the Morrisonian “arm’s length” relationship between the government and the public corporation. The book discusses the UK’s lessons of policy value for developing countries, realistically rules out the direct substitution of private for public enterprise.
