India, Mixed Enterprise and Western Business

1. Front Matter

   Pages I-XII

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2. India: Enterprise, Public and Private

   1. Front Matter

      Pages 1-1

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   2. The Setting of Enterprise in India

      • Daniel L. Spencer

      Pages 3-21

   3. Private Enterprise in India

      • Daniel L. Spencer

      Pages 22-37

   4. Public Enterprise in India

      • Daniel L. Spencer

      Pages 38-64

3. India’s Experiments in Mixed Enterprise

   1. Front Matter

      Pages 65-65

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   2. Mixed Enterprise: Classification

      • Daniel L. Spencer

      Pages 67-90

   3. Some Notes for a Theory of Mixed Enterprise

      • Daniel L. Spencer

      Pages 91-102

   4. Mixed Enterprises in India

      • Daniel L. Spencer

      Pages 103-128

   5. Composite Enterprise in India

      • Daniel L. Spencer

      Pages 129-138

   6. Joint Enterprises in India

      • Daniel L. Spencer

      Pages 139-160

4. The Economic Rationale of India’s Experiments in Mixed Enterprise

   1. Front Matter

      Pages 161-161

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   2. Advantages of Mixed Enterprise to the Private Sector

      • Daniel L. Spencer

      Pages 163-174

   3. Advantages of Mixed Enterprise to the Public Sector

      • Daniel L. Spencer

      Pages 175-194

   4. Investment, Western Business and Mixed Enterprise

      • Daniel L. Spencer

      Pages 195-207

   5. Summary and Conclusions

      • Daniel L. Spencer

      Pages 208-214

5. Back Matter

   Pages 215-252

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This book is a study of one type of relation between public authorities and the private sector. In the modern world it is becoming increasingly clear that these two ways of organizing economic life must learn to get along with each other and develop vehicles of mutual advantage. This is especially true in the re­ lations between advanced and developing economies because for historical reasons, the development of non-Western economies today is taking a course quite different from the path of the advanced business economies of the West. It is desirable for both spheres to try and understand each other and look for ways of getting along. International tensions can be alleviated to the degree that positive attitudes are taken and mechanisms of the kind dealt with in this book are created. Much of the problem is simply one of semantics. The term "socialism" or "socialistic pattern of society", for example, which is often used in India as a positive word has very negative conno­ tations for Americans. There are, of course, socialists in India who would make their economy entirely publicly owned, indis­ tinguishable from the Chinese or the Russian, but the vast majority of leaders associated with the dominant party in India visualize a present and future mixed economy not too different from that reached by the United States through a very different road. We in the United States have been nurtured on the belief in private enterprise.

• Aging
• Investment
• Public Sector
• agents
• business
• efficiency
• institutions

• Southern Illinois University, USA

  Daniel L. Spencer

Policies and ethics