The Factors Influencing and the Rationale Behind the Establishment of Public Enterprises Within Caribbean States

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“The factors influencing and the rationale behind the establishment of Public Enterprises within Caribbean states”

THE INFLUENCING FACTORS

Reasons for setting up public enterprises were wide and varied. (C. Holder 1990). The countries of the English speaking Caribbean have traveled and endured a far distance; from freedom to couples of imperialistic societies achieved through colonialism; followed by wars and riots which lead to neocolonialism and finally to independence (Dominquez, Pastor and Worrel 1993). The post colonial era was the most active in relation to political thought and transformation as the social and economic issues of the “riot times” were examined. The minimal participation of the government in the laisser- faire ideological infrastructure that governed that period was the major purpose for change and as the full political responsibility for government was localized and the drive to industrialization spearheaded the drive for economic development trough the passage of Public Enterprises in Caribbean states.

Caribbean governments wanted full participation in the commercial markets; what Mr. Norman Manly avidly describes as “commanding the heights of economy”. This thirst was quenched as some countries took steps toward the socialist perspective of controlling economies; this step caught the attention of other Caribbean governments and evoked further participation in the commercial and industrial development undertaken by governments. Social welfare is not to be forgotten. Vivid memories of harsh treatment, prejudice, hard labour only to suffice the needs of metropolitan powers is an important element in the adaptation of public enterprises.
“Man needs material security, because he has physical needs, access to homes, jobs and education…” (Manley 1990).
It can be clearly seen that the creation of the relevant Public enterprises achieved…...

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