The Uses of Public Corporations and Public Enterprises
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Part of the redesign of the institutional architecture of government which took place after World War II was the creation of a structure of government corporations at the national level and public enterprises at the local government level. This development was in part a recognition of the fact that the existing standard administrative structures were weak and needed rapid reinforcement, but there was also a deliberate sense that such standard bureaucracies were not necessarily the best instruments for the execution of certain public purposes where operational efficiency was a major concern. At the same time, few could predict the exceedingly rapid growth and enormous success of Japanese industry and commerce, and public corporations were seen as a necessary way for government to forge ahead in areas where the private sector, for various reasons, was not expected to develop adequately.
KeywordsFinancial Plan Public Enterprise Local Government Level Japanese Industry Private Sector Company
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