International Economic Relations and the Entrepreneurial State
Article Abstract:
States have historically played a role in production processes through price regulation, weapons manufacturing and the operation of infrastructural facilities. More direct participation on the states' part is a growing trend. This research analyzes the justification for state owned or parastatal companies whose operation conforms to standard business practices, with special attention paid to the objective of ending dependence on foreign capital and technology. Intermediation is detailed in its role of state entrepreneurship and its actual impact on Third World Nations. The effects of lengthy dependence on foreign capital and technology are highlighted. Global economic dealings are considered. The position of Ireland with regard to state interventionism is assessed from 1928 to 1976 using time series analysis. Ireland's entrepreneurial practice has been a nationalistic response more than a workable solution. Tables of related statistical data are featured.
Publication Name: Economic Development & Cultural Change
Subject: Social sciences
ISSN: 0013-0079
Year: 1984
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Externalities, Information Costs and Social Benefit- Cost Analysis for Economic Development. An Example from Telecommunications
Article Abstract:
Economic development has long been concerned with the analysis of socially optimal allocation of investment resources. Research in the area first addressed the indirect promotional effects of a project, then encompassed the social benefit cost analysis which highlights aspects of uncertainty and shadow pricing, as well as income distribution impact. For less developed countries (LDC) the impact of an investment on income creation can be considerable. Meaningful analysis must incorporate externalities which will include social benefits and costs. The meaning of externalities in assessing the efficiency and equity parameters of investments is considered in light of the welfare effects of telecommunications. Welfare results of additional telephones can vary greatly. Conditions under which distributional impact is realized are explained. Telecommunications system expansion can often cause a decrease in average costs. LDC information problems are detailed.
Publication Name: Economic Development & Cultural Change
Subject: Social sciences
ISSN: 0013-0079
Year: 1984
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Nairobi's Informal Sector: Dynamic Entrepreneurs or Surplus Labor?
Article Abstract:
There was great concern over the use of informal sector in the 1972 International Labor Office report on Kenya. Many believe that such diverse interests underlie the urban economic sector problems of less developed countries (LDC) that no model incorporation of a single type could be useful. Many researchers view the urban economy of LDCs as quantifiable in two or three sectors. The rapid urbanization of rural areas in LDCs has not been matched by the growth of jobs. Nairobi's job growth is analyzed. Many suspect that intersectoral relationships are not benign. It may be that the informal sector can only expand in terms of constant or real falling incomes. Random sampling on informal sector business heads is the basis of extensive tables of data.
Publication Name: Economic Development & Cultural Change
Subject: Social sciences
ISSN: 0013-0079
Year: 1984
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