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The Impact of Financial Constraints

In: Strategic Planning in Nationalised Industries

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  • Andrew Likierman

Abstract

Uneasiness about the financial aspects of the relationship between the nationalised industries and the government has existed ever since the industries were brought into public ownership.1 Current preoccupations about cash constraints and the impact of other financial problems are therefore no more than the latest chapter in the long-running saga of complaints, charges and counter-charges. But these preoccupations are only one manifestion of much wider problems in the relationship between the industries and the government of the kind outlined in other chapters (particularly those by Byatt, Grieve Smith, Harrison and Richardson) and which have been the subject of debate for many years. There have been no less than five major attempts in the last sixteen years to resolve these problems.2 The continuingly high level of voluble dissatisfaction about the relationship indicates that none has laid the matter to rest.

Suggested Citation

  • Andrew Likierman, 1984. "The Impact of Financial Constraints," Palgrave Macmillan Books, in: John Grieve Smith (ed.), Strategic Planning in Nationalised Industries, chapter 4, pages 88-101, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-07114-2_5
    DOI: 10.1007/978-1-349-07114-2_5
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