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The Development Business : A History of the Commonwealth Development Corporation - Michael McWilliam

The Development Business

A History of the Commonwealth Development Corporation

Hardcover Published: 3rd December 2001
ISBN: 9780333800577
Number Of Pages: 296

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The Commonwealth development Corporation (CDC) was launched with all-party support as one of the initiatives to build a better post-war world. After a troubled start it earned its role as Britain's development agency. The chairmanship of Lord Reith in the 1950s left a legacy of robust independence within the public sector framework. Few public sector businesses escaped privatisation by the Conservative Governments of the 1980s and 1990s, yet CDC was exempted. The first privatisation announcement of the New Labour Government in 1997 was in respect of CDC and enabling legislation has since been passed to provide for a long-term public-private partnership. The compatibility of a continuing development role with meeting the requirements of investors is still controversial as CDC adapts its operations to those of a private equity fund for emerging economies. Sir Michael McWilliam has written a study of institutional transformation that reflects changing perceptions of the role of development agencies. His membership of the CDC Board and access to its records give authority to this appraisal and to the discussion of the proposed privatisation.

List of Tablesp. vii
List of Abbreviationsp. viii
Prologuep. x
A Will to Succeed 1948-62
Planning for a Better Worldp. 3
Tropical Allsorts: A False Startp. 11
Stemming the Lossesp. 26
Adjusting the Mandatep. 36
Financial Reorganisationp. 54
The Score Cardp. 63
An Agency for Development 1963-79
Easing the Funding Constraintp. 68
Aid and Developmentp. 75
Jubilee Stocktakingp. 86
Targeting the Poorp. 113
Making a Business of Development 1980-93
Commercial Borrowing Miragep. 119
A Salvage Proposalp. 129
Nothing But a Bankp. 133
The Fan Clubp. 137
A Major Reviewp. 143
A New Erap. 155
Monopolies and Mergers Commissionp. 165
A Crisis of Identityp. 178
A Business of Sortsp. 203
Reinventing CDC 1994-99
Strategy Reviewp. 215
A Battle of Willsp. 220
Escaping the Funding Impassep. 226
Understanding Public--Private Partnershipp. 232
Reconciling God and Mammonp. 242
Facing the Futurep. 247
Epiloguep. 256
Principal Reportsp. 261
CDC Leadersp. 263
Ministers Responsible for CDC 1948-98p. 264
CDC Profile 1951-97p. 265
CDC Financial Highlights 1951-97p. 266
Notesp. 267
Bibliographyp. 289
Indexp. 291
Table of Contents provided by Syndetics. All Rights Reserved.

ISBN: 9780333800577
ISBN-10: 0333800575
Audience: Professional
Format: Hardcover
Language: English
Number Of Pages: 296
Published: 3rd December 2001
Publisher: SPRINGER VERLAG GMBH
Country of Publication: GB
Dimensions (cm): 22.3 x 14.68  x 2.46
Weight (kg): 0.59
Edition Number: 1