Roles the State and Public Enterprise Privatization: Universal and Thailand’s Phenomenon

Abstract

Public enterprises are government’s business – oriented organizations which have been managed with the supervision of board of directors instead of bureaucratic system so as to facilitate the management to answer the urgent or flexible needs of people in both national and local levels. In most countries, public enterprises are in the areas of energy, transportation, finance and banking, insurance, and public utilities. Thailand currently has 56 public enterprises under many ministries. All have mainly been established for making incomes, as well as for delivery of services to society. However, public enterprises in many countries have faced financial loss or cost inefficiency. Each country has therefore to solve the problems by adopting such strategies as implementing new forms of management and reviewing strategies to government control or privatization as a final solution. But all the measures are still rather unhelpful due to many unfavorable management conditions as well as poor financial structure of the market in the country

            This quantitative study has main objectives of examining and observing the management effectiveness as well as analyzing the approaches of privatization of public enterprise, in countries including Thailand.