December 2023, 204 pages.
English Edition, Paperback
The state, as an owner of businesses, competes and collaborates with the private sector, and this involvement has profound implications for investment and growth. The impact of state participation on an economy’s growth depends on the type of public-private ownership, the types of markets, and the importance of those markets in the economy. The impact also depends on how policies and institutions regulate both the businesses with state ownership and the markets in which they are active.
The Business of the State uses new evidence covering 91 countries from the World Bank’s Global Businesses of the State database to highlight the distinction between businesses of the state and traditionally understood state-owned enterprises. The report analyzes how different ownership forms across sectors and institutional settings affect private investment, productivity, technology adoption, and job creation.