0 used to describe a company or organization which is owned by a country's government and often has some political power:
The intention of the Government is for all parastatal companies to be privatized.
However, haphazard privatisation may lead to a situation where parastatal inefficiencies are replaced with private sector excesses.
At the same time, the government invested less in parastatal plantations, reducing forest clearing for agroindustrial crops.
But at the same time they provide funds for activities that may threaten forests, such as road and railway construction and parastatal plantations.
Yet the parastatal system was criticised for being inefficient, in some cases corrupt, and in all cases for underpaying producers.
Fourth, in a colonial setting where the government needed to co-opt the local elite, the parastatal design provided an ideal institutional infrastructure.
Given the dilemmas, the colonial government adopted a parastatal institutional design featuring several characteristics.
Politically, the parastatal design embodies and continually reinforces the concept of farmers' ownership.
Because of women's lack of education, parastatal industries mostly employed men.
