The parastatal corporation as an element in the quest for national development: Tanzania 1967-1972

Abstract

A parastatal corporation is defined for purposes of this paper as a directly productive unit with, a separate legal, financial, commercial and control structure. Co-operatives and sub-national units e.g. District Development Corporations in Tanzania or republic, as opposed to federal, enterprises in Yugoslavia fall within this definition but government departmental operation e.g. water supply in Tanzania do not, even if they are partially self-accounting and basically oriented to sales of services to non-government purchasers, nor do autonomous, but not directly productive, institutions - e.g. the Institute of Finance Management in Tanzania. Public sector units include joint ventures if fifty per cent or more of the equity ownership and fifty per cent or more of the voting power on the governing body is owned by one or more public sector bodies. The main body of this study considers the period since 1967 when Tanzania began to implement its commitment to mowing to a socialist mode of production in a rapid and consistent manner and to future developments within the present Tanzanian socio-political goal framework.