The Development Business

A History of the Commonwealth Development Corporation

By: M. McWilliam

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Hardcover | 3 December 2001 | Edition Number 1

At a Glance

Hardcover
316 Pages

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20.32 x 12.7 x 1.91

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The Commonwealth development Corporation (CDC) was launched with all-party support as one of the initiatives to build a better post-war world. After a troubled start it earned its role as Britain's development agency. The chairmanship of Lord Reith in the 1950s left a legacy of robust independence within the public sector framework. Few public sector businesses escaped privatisation by the Conservative Governments of the 1980s and 1990s, yet CDC was exempted. The first privatisation announcement of the New Labour Government in 1997 was in respect of CDC and enabling legislation has since been passed to provide for a long-term public-private partnership. The compatibility of a continuing development role with meeting the requirements of investors is still controversial as CDC adapts its operations to those of a private equity fund for emerging economies. Sir Michael McWilliam has written a study of institutional transformation that reflects changing perceptions of the role of development agencies. His membership of the CDC Board and access to its records give authority to this appraisal and to the discussion of the proposed privatisation.

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You Can Find This Book In

Non-Fiction History Regional & National History European History British & Irish History Economics Political Economy Miscellaneous Items Development Economics & Emerging Economies Accounting & Finance Finance Banking

Business & Management Ownership & Organisation of Enterprises Privitisation Management & Management Techniques Business Strategy

List of Tables	p. vii
List of Abbreviations	p. viii
Prologue	p. x
A Will to Succeed 1948-62
Planning for a Better World	p. 3
Tropical Allsorts: A False Start	p. 11
Stemming the Losses	p. 26
Adjusting the Mandate	p. 36
Financial Reorganisation	p. 54
The Score Card	p. 63
An Agency for Development 1963-79
Easing the Funding Constraint	p. 68
Aid and Development	p. 75
Jubilee Stocktaking	p. 86
Targeting the Poor	p. 113
Making a Business of Development 1980-93
Commercial Borrowing Mirage	p. 119
A Salvage Proposal	p. 129
Nothing But a Bank	p. 133
The Fan Club	p. 137
A Major Review	p. 143
A New Era	p. 155
Monopolies and Mergers Commission	p. 165
A Crisis of Identity	p. 178
A Business of Sorts	p. 203
Reinventing CDC 1994-99
Strategy Review	p. 215
A Battle of Wills	p. 220
Escaping the Funding Impasse	p. 226
Understanding Public--Private Partnership	p. 232
Reconciling God and Mammon	p. 242
Facing the Future	p. 247
Epilogue	p. 256
Principal Reports	p. 261
CDC Leaders	p. 263
Ministers Responsible for CDC 1948-98	p. 264
CDC Profile 1951-97	p. 265
CDC Financial Highlights 1951-97	p. 266
Notes	p. 267
Bibliography	p. 289
Index	p. 291
Table of Contents provided by Syndetics. All Rights Reserved.

The Development Business

A History of the Commonwealth Development Corporation

At a Glance

Hardcover

Shipping

How to return your order

Defective items

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