This book is a study of one type of relation between public authorities and the private sector. In the modern world it is becoming increasingly clear that these two ways of organizing economic life must learn to get along with each other and develop vehicles of mutual advantage. This is especially true in the re lations between advanced and developing economies because for historical reasons, the development of non-Western economies today is taking a course quite different from the path of the advanced business economies of the West. It is desirable for both spheres to try and understand each other and look for ways of getting along. International tensions can be alleviated to the degree that positive attitudes are taken and mechanisms of the kind dealt with in this book are created. Much of the problem is simply one of semantics. The term "socialism" or "socialistic pattern of society", for example, which is often used in India as a positive word has very negative conno tations for Americans. There are, of course, socialists in India who would make their economy entirely publicly owned, indis tinguishable from the Chinese or the Russian, but the vast majority of leaders associated with the dominant party in India visualize a present and future mixed economy not too different from that reached by the United States through a very different road. We in the United States have been nurtured on the belief in private enterprise.
|Product dimensions:||6.10(w) x 9.25(h) x 0.02(d)|
Table of ContentsI India: Enterprise, Public & Private.- I. The Setting of Enterprise in India.- A. Introduction.- B. Economic Framework.- C. Constitutional Frameworkl.- II. Private Enterprise in India.- A. Changing Aspects of Private Enterprise.- B. Role of Financial Institutions.- C. Role of the Managing Agents.- D. Trend of Profits.- III. Public Enterprise in India.- A. Early Motifs of Public Ownership.- B. Modern Industrial Policy.- C. The Role of the Public Sector under the Five Year Plans.- II India’s Experiments in Mixed Enterprise.- IV. Mixed Enterprise: Classification.- A. Forms of Enterprise (Legal Background).- B. Concept of Mixed Enterprise.- C. Joint Enterprise.- D. Classification Scheme.- V. Some Notes for a Theory of Mixed Enterprise.- A. Motivations.- B. Competitive Market Situation.- C. Under Monopoly.- D. Under Oligopoly.- VI. Mixed Enterprises in India.- A. British Period.- B. Modern Enterprises in the Indian States.- C. Modern Central Government Mixed Corporations.- VII. Composite Enterprise in India.- VIII. Joint Enterprises in India.- A. Survey of Foreign Investment in India.- B. American Consulate Survey.- C. Examples of American Joint Enterprises.- III The Economic Rationale of India’s Experiments in Mixed Enterprises.- IX. Advantages of Mixed Enterprise to the Private Sector.- A. Rate of Return.- B. Other Grounds for Private Participation.- X. Advantages of Mixed Enterprise to the Public Sector.- A. Western Economic Thinking.- B. India’s Dualistic Conception.- C. The Gain in Efficiency to the Public Sector.- D. Other Advantages to the Public Sector.- XI. Investment, Western Business and Mixed Enterprise.- A. Savings and Investment in Underdeveloped Countries.- B. Western Capital and Mixed Enterprise.- C. Mixed Enterprise as a Vehicle of Mutual Benefit and Controlled Change.- XII. Summary and Conclusions.- Appendices.