There is no general theory of public enterprise, and the miscellany of separate theorizations on the subject has created a conceptual quagmire. Examines the rather confusing state of the research on public enterprise performance and behaviour. Contrary to conventional wisdom,it seems that in certain circumstances (as in the case of Singapore)public enterprise can be quite efficient, as well as an effective form of national competition.
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Douglas Sikorski (1993) studied this question.