Do Pace, Speed and Magnitude Matter in Public Enterprise Reforms? A Comparative Analysis of Fiji Shipyard and Ports Authority of Fiji
International Journal of Developmental Studies: Current Debates in Development, Vol. 1, No. 2, pp. 158-174, 2009
Posted: 22 Jul 2010 Last revised: 26 Oct 2010
Date Written: August 10, 2009
Public enterprise reforms have taken the world by storm. So much so that reforms have now become more than just buzz words in Fiji’s economy. Based on in-depth interviews and related relevant documentary evidence, this paper investigates into the ways in which the reform exercises compare between two Government Commercial Companies in Fiji. In the main, the interest of the paper lies in the examination of pace, speed and magnitude at which reforms were introduced and proceeded with, an area which has not been specifically researched into so far in the local arena. Government Commercial Companies are wholly government owned enterprises. The two entities in focus are Government Shipyard and Public Slipways (GSPS) and Ports Authority of Fiji (PAF). The earlier of the two underwent a rushed episode of failed privatization that led to the buy back of this entity by the Fiji government. The latter is one of the best performing Government Commercial Companies. Both the Companies went through reforms but apparently reveal mixed results. Herein lies the gist of the paper. While PAF became a star player in terms of its performance overtime, same cannot be said for GSPS. Unlike PAF, GSPS had been plagued with a number of hindering issues but somewhat cannot be blamed for its state of affairs.
Keywords: public enterprise, reforms, Fiji, comparative analysis
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