During the Rio earth summit, activists denounced the Brazilian government for including several government-owned corporations
in the NGO Forum, the series of NGO workshops and panels paralleling the official U.N.
Other countries facing similar problems have successfully transferred air traffic control to government-owned corporations
, an approach that was recently endorsed by the Clinton administration.
He cited the 'various defunct or non-functioning government-owned corporations
' such as the Metro Rail Transit (MRT) as evidence of the government's poor track record in business management.
Another trend is the rise of state capitalism - an increase in the number of government-owned corporations
On Sunday, the government also annulled ''political appointments'' made in various government-owned corporations
and semi-government agencies, the home minister said.
Another resolution termed as revolutionary step on the part of the present democratic government the grant of 12 percent shares of the government-owned corporations
to the workers.
* Many critical industrial segments remain firmly dominated by government-owned corporations
He further said that government should ensure good governance and corruption free structures through establishment and proper functioning of democratic institutions, making the country a self-reliant economy by stopping wasteful, unproductive expenses, making government-owned corporations
profitable, accelerating industrialisation and increasing productivity, improving agricultural sector productivity, reducing inequalities through a policy of redistribution of income and wealth.
Rahimi announced Saturday that some ministries, state agencies and government-owned corporations
would be moved out of the capital.
They described government-owned corporations
as key pillars of the national economy, hence the need to continue supporting them for the country to thrive.
"The rewards are high in terms of a panoply of jobs across design, manufacturing, construction, services and R&D activities, coupled with economic growth, but it is recognised that the market alone will not open up this opportunity due to unsustainably cheap shale gas and international government-owned corporations
with access to cheap finance capital."
The minister announced that they privatized 139 government-owned corporations
during the period from 1990 to 2012, describing them as worthless companies that used up a lot of money but produced nothing in return.