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State-owned enterprise - Wikipedia
A state-owned enterprise (SOE) is a business entity which is established or owned by a national or sub-national government, by an executive order or an act of legislation, in order to earn profit for the government, control monopoly of the private sector over means of production, provide commodities to citizens at a lower … See more
The terminology around the term state-owned enterprise is murky. All three words in the term are challenged and subject to interpretation. First, it is debatable what the term "state" implies (e.g., it is unclear whether municipally … See more
In economic theory, the question of whether a firm should be owned by the state or by the private sector is studied in the theory of See more
Compared to government bureaucracy
Compared to government bureaucracy, state owned enterprises might be beneficial because they reduce politicians' influence over the … See more20th centuryIn Eastern Europe and Western Europe, there was a massive nationalization throughout the 20th century, especially after World War II.1988Saudi Arabian national oil company, Saudi Aramco, which the Saudi government bought in 1988, changing its name from Arabian American Oil Company to Saudi Arabian Oil Company.2015The Putrajaya Committee on GLC High Performance (PCG), which oversaw this programme, was chaired by the Prime Minister, and membership included the Minister of Finance II, the Minister in the Prime Minister's Department in charge of the Economic Planning Unit, the Chief Secretary to the Government, Secretary General of Treasury and the heads of each of the GLICs (the Employees Provident Fund, Khazanah Nasional Berhad, Lembaga Tabung Angkatan Tentera (the armed forces pension fund), Lembaga Tabung Haji and Permodalan Nasional Berhad.2024As of at least 2024, an Ethiopian SOE is Africa's largest and most profitable airline, as well as Ethiopia's largest earner of foreign exchange.2024As of 2024, Philippines Amusement and Gaming Corporation (PAGCOR) is the most profitable state-owned enterprise in the Philippines.Economic reasons
Natural monopolies
SOEs are common with natural monopolies, … See moreSOEs in Europe
In Eastern Europe and Western Europe, there was a massive nationalization throughout the 20th century, especially after See more• Jewellord Nem Singh; Geoffrey C. Chen (2018), "State-owned enterprises and the political economy of state–state relations in the developing world", … See more
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WEBWhat is a State Owned Enterprise? A State Owned Enterprise (SOE) is a body formed by the government through legal means so that it can take part in activities of a commercial nature. Essentially, SOEs are created to …
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