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In the year 2000 the Indian Railways—the world’s second largest railway network under a single management—was nearly bankrupt. The government of the day embarked on a sedate path of incremental change, which was continued by the next government at a quickened pace. Alongside came a dynamic and differential tarrif policy and technical changes. The result was a radical improvement in the performance between 2004 and 2008, which attracted worldwide ...
Public Enterprises (PEs) continue to play an important role in the social and economic progress of developing countries. While there is a serious debate on the strategy and implementability of privatization, there is hardly any disagreement on the need for effective ways of improving PEs' performance, which is the focus of this book. Sometimes within a similar environment, some PEs succeed while others fail. What determines the performance of these enterprises? ...