parastatal
- noun
- /ˌpærəˈsteɪtəl/
- UK
:
empresa parastatal
- Many citizens depend on the services provided by the local parastatal that manages public utilities.
- privatized parastatals
- government-owned parastatals
- parastatal organization
Examples
-
The performance of the over 200 parastatal corporations has been especially criticized by donors for inefficiency and corruption.
Academic text (1992) -
Malaysia used the power of government to help the Bumiputra through public employment, expansion of parastatals, and government-funded education.
Academic text (1996) -
Reforming even a single parastatal, therefore, requires the government to redefine all the relevant relationships between these agencies and the enterprise.
Academic text (1993) -
The same is true of other key public service appointments, including heads of parastatal organizations and diplomats.
Academic text (1994) -
Perhaps more importantly, parastatals are an enormous patronage resource.
Academic text (1992) -
By the 1990s, thousands of employees were removed from government payrolls as numerous parastatals went bankrupt or were privatized.
Academic text (1998) -
While the expansion of the civil service and parastatals reduced the pressures arising from unemployment, productivity stagnated or declined.
Academic text (1998) -
The publicly run enterprise is an international version of the ubiquitous parastatals that have failed so miserably in almost every debt-ridden Third World nation.
Academic text (2005) -
In Tanzania, the recent privatization of government-owned parastatals has sparked an "indigenization debate" about who should be allowed to own them.
Academic text (1998) -
In 1992, only one cotton company, the parastatal Compagnie Ivorien pour le Développement des Textiles, was in operation.
Academic text (2009)
Synonyms
1
8.9
A government office that does one specific job
Antonyms
How Public
Surface Forms
Etymology
Parastatal comes from the part para- meaning 'beside' and state meaning 'government'. A parastatal is a company that sits 'beside' the government, often owned or controlled by it and providing public services like water or electricity.