PSY 145 Chapter Notes - Chapter 6: Total S.A., Strange Culture, Garage Sale
Document Summary
Friendly market myths: the development pendulum swings again, from over-engagement with the public sector to over-enthusiasm with the private sector. A "garage sale" of public enterprises happens worldwide from new delhi to. Rio, from moscow to warsaw enough to melt the core of any capitalist ideologue. And qualified shock therapists are roaming the globe in search of potential customers, offering the promise of immediate change. The long-awaited return to the market is welcome but the pendulum can swing again too far: why, firstly, the over-engagement with the public sector in many developing countries. Besides higher economic growth, many developing countries have lost their way in trying to free their nations from suffering by following a wide range of social objectives. An innocent flirtation with the convergence of capitalism ends and means together. The means chosen were a big public-sector position but that often meant bureaucratic manipulation and not the advancement of social goals.
