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.
A massive parastatal system for marketing produce was used to maintain high producer prices, with the cost passed onto consumers.
In addition, the party leadership wields enormous patronage through, for example, appointments in the public, parastatal and even (indirectly) the private sectors.
They received technical support from a parastatal infrastructure that expanded along with the rise in the country's national wealth.
In water delivery, the parastatal institutions emphasize the importance of local knowledge, networking, and embedding irrigation staff in local communities.
From the perspective of the colonial government, the parastatal organizations were convenient arenas for managing the local elite.
Overvalued exchange rates, lack of funds to invest in parastatal agriculture and weak international prices caused plantation agriculture and timber production to stagnate.
It promoted a state-capitalistic form of agricultural production with the development of parastatal farms that would transfer their modern techniques to small-scale producers.
Because of women's lack of education, parastatal industries mostly employed men.
