Development Planning and the Public Enterprise: The Case of Pemex

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Abstract
Public enterprise plays a key role in the economic development process in Latin America, both because of the region's cultural heritage, which has led people to look to central authority for leadership in promoting economic growth, and because of the accelerated pace of recent cataclysmic events to which only governments have had the power to respond. Currently, Latin America is undergoing its worst economic setback in half a century, in which eight newly-elected democratic governments are struggling to regain control over their destinies. These governments face unprecedented planning and administrative problems as they move from the crisis-management phase of economic austerity programs to one of resumed growth. A central concern of these governments is, and will continue to be, the successful operations of major parastatal enterprises.

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