Financing nationalised industries: A third way

Abstract

Efforts to find a way of allowing nationalised industries to raise money while remaining subject to financial controls have regularly come up against ideology on the one hand and self‐interest on the other. However, it is possible to devise a method short of full‐scale privatisation that still preserves the present structure of the public enterprise sector. Though the authors were both involved in background work on the nationalised industries for the National Economic Development Officer (NEDO), the views expressed are their own and should not be attributed to the Corporation.