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State Capital and Private Enterprise: The Case of the UK National Enterprise Board

State Capital and Private Enterprise: The Case of the UK National Enterprise Board

Paperback

Series: Routledge Library Editions: Public Enterprise and Privatizat

Business GeneralEconomicsGeneral Political Science

ISBN10: 0367173662
ISBN13: 9780367173661
Publisher: Routledge
Published: Apr 8 2021
Pages: 270
Weight: 0.70
Height: 0.57 Width: 5.50 Depth: 8.50
Language: English

To what extent can governments supplement private venture capitalists and stimulate the economy by providing money to new entrepreneurs as well as existing enterprises? The UK's National Enterprise Board (NEB) attempted to do just this, and whilst it gained most publicity through its efforts to bail out ailing giants such as British Leyland and Rolls Royce Aerospace, much of its attention was actually directed to smaller ventures. Originally published in 1988 Professor Kramer reports that the NEB's record of success was surprisingly good, and that many flourishing undertakings would not be in business today had it not been for the NEB's efforts. The author goes further, and after discussing the political and economic issues involved in according public aid to private enterprises on a case by case basis, he argues that not only should the UK revive its NEB, but that other countries, notably the United States, could benefit by establishing their own versions of it. Indeed, throughout, the author's perspective as an outsider makes him peculiarly alive to the relevance of the UK example to a whole range of international cases.

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