Sunday, February 07, 2016

Privatization 12: PH government corporations sold, retained as of 2007

I just found a hard copy of my paper presented at the 1st Pacific Rim Policy Exchange, held at Sheraton Waikiki Hotel, Hawaii, in late May 2007 or nearly 9 years ago. The event was jointly sponsored by the Americans for Tax Reforms (ATR), Property Rights Alliance (PRA), International Policy Network (IPN), Grassroot Institute Hawaii (GIH), and a Japanese foundation.

Below is the 5-pages Annex of my paper, the list of PH GOCCs and GFIs. Those that were fully privatized, those that were retained.

Hundreds of government corporations, typical 70s and 80s model of "state as saviour, planner, businessman" model. From agriculture to manufacturing, energy, shipping, banking, there were hundreds of government corporations.

One big problem in government for taxpayers -- once a government agency, a bureau or department or corporation or university, etc. is created, they almost always become permanent. If they lose money (very often they do), no problem for them because the DOF and Congress will simply set aside and appropriate money to bail them out.

This list is from the Privatization Management Office (PMO), as of April 2007.


See also:
Privatization 9: PAGCOR and Casino Operations, May 16, 2012 
Fat-Free Econ 12: Privatizing PAGCOR, June 08, 2012 
Privatization 10: More on Selling PAGCOR, June 12, 2013

Privatization 11: Presentation in Hawaii in 2007, June 08, 2013
The 1st PRPX, May 2007 in Hawaii, Photos, May 04, 2015

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