Abstract
State ownership in the non-socialist world mineral industries grew from insignificance in the 1950s to account for about one-third of total production capacity in the early 1980s. The motivations for this growth are explored. It is concluded that the period of expansion has now come to an end. The characteristic features and behavioural patterns of state owned enterprises are described. The implications of a large and increasingly mature state owned universe for international mineral markets and for the privately owned industry are analysed. The analyses point to the painful disruptions to which many multinational firms were subjected by the successive waves of nationalization in the 1960s and 1970s. But they also indicate that there is little foundation for the frequent claims that state owned firms constitute a survival threat to the private industry.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
