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 7 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 pisean282311 8 years ago
for me it is hollow talks , corruption and dividing people..
by karl 4 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 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 PR Morgan 7 years ago
Do you think most public workers are overpaid?
by JON EWALL 7 years ago
Just recently a report came out regarding employment.The report stated that the average pay in the private market was $40.00/hr. and the average pay in the public sector was $70/hr.In the public sector the fringe benefits also are higher.Could it be that in the public sector 50% of the workers are...
Copyright © 2018 HubPages Inc. and respective owners. Other product and company names shown may be trademarks of their respective owners. HubPages® is a registered Service Mark of HubPages, Inc. HubPages and Hubbers (authors) may earn revenue on this page based on affiliate relationships and advertisements with partners including Amazon, Google, and others.
|HubPages Device ID||This is used to identify particular browsers or devices when the access the service, and is used for security reasons.|
|Login||This is necessary to sign in to the HubPages Service.|
|HubPages Traffic Pixel||This is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.|
|Remarketing Pixels||We may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.|
|Conversion Tracking Pixels||We may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.|