Pedap

Some countries like Korea, Taiwan and Japan do not have too many natural resources but many of the largest brands in the world have their origins in these countries. This is because the government in particular and society in general values hard work and innovation.
On the other hand, many of the African countries are very rich in natural resources, but the widespread corruption and lack of long term vision by the leadership has resulted in high levels of poverty.

The public enterprises reform program was  established with the following goals :

• Government to withdraw from sectors operated efficiently  by the private sector while retaining its responsibility as a prudent regulator to ensure social equity and fair competition in the new circumstances.

• Rationalize Government’s investments in Public Enterprises and restrict itself to areas in which its intervention is needed.

• Government to be sensitive to hardships caused by privatization and address such issues through a safety net program.

• To ensure that its agencies & Public Sector Undertakings work more efficiently.