Public sector still necessary in developing nations in Globalization ?
Yes, Public sector enterprises are still necessary in developing nations. It is still needed in this age of globalization. Private sector companies have, naturally, profit making motive. They take advantage of cheap labor in developing nations.
They are not interested in, nor they feel it their duty, to uplift standard and quality of human life.
Private sector companies, normally, do not want to invest in infrastructure as this sector needs huge investment. Investing in infrastructure does not also yield a quick return.
There are many neglected/ under developed areas and sectors in developing nations seeking attention. Many of the sectors are not profitable or can yield lower profit margins.
Private sector companies, naturally, do not want to invest in these above-mentioned areas and sectors. Only public (government) sector takes care of these.
Hence, public sector companies are still useful in developing countries in this era of globalization.
Yes Jyoti i appreciate your comment.In India many IT high profile thinks that private sector would solve india's problems Private sector failed in many schemes and projects.We need appropriate solution that suits India's problems.
thank you sir
by marymootoo 6 years ago
The public sector unions have threatend mass stike action over pensions, do you think that this is the right thing to do? Is it fair that in the present climate for a group of people to inflict the threat of misery for personal gain?
by karl 3 years ago
There has been another round of public sector strikes here in the UK with Firefighters, local government workers and teachers (depending on which Union they belong to) amongst the 500,000 - 1,000,000 workers ( depending on who you ask) who decided not to attend work today. Their grievances...
by enyihemba 7 years ago
How can Corruption be stopped in developing nations like Kenya, Nigeria, Ghana, etc.?
by nightwork4 7 years ago
Are the public sector layoffs justified?the conservatives plan to lay-off some government employees, do you think this is a good thing?
by pisean282311 8 years ago
for me it is hollow talks , corruption and dividing people..
by PR Morgan 7 years ago
Do you think most public workers are overpaid?
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