used todescribeacompanyororganizationwhich isownedby a country'sgovernmentand often has somepoliticalpower:Theintentionof the Government is for all parastatalcompaniesto beprivatized.(Definition ofparastatalfrom theCambridge Business English Dictionary? Cambridge University Press)
Examplesofparastatal
parastatalHowever, haphazard privatisation may lead to a situation whereparastatalinefficiencies are replaced with private sector excesses.From theCambridge English CorpusAt the same time, the government invested less inparastatalplantations, reducing forest clearing for agroindustrial crops.From theCambridge English CorpusBut at the same time they provide funds for activities that may threaten forests, such as road and railway construction andparastatalplantations.From theCambridge English CorpusYet theparastatalsystem was criticised for being inefficient, in some cases corrupt, and in all cases for underpaying producers.From theCambridge English CorpusFourth, in a colonial setting where the government needed to co-opt the local elite, theparastataldesign provided an ideal institutional infrastructure.From theCambridge English CorpusGiven the dilemmas, the colonial government adopted aparastatalinstitutional design featuring several characteristics.From theCambridge English CorpusPolitically, theparastataldesign embodies and continually reinforces the concept of farmers' ownership.From theCambridge English CorpusIt promoted a state-capitalistic form of agricultural production with the development ofparastatalfarms that would transfer their modern techniques to small-scale producers.From theCambridge English CorpusOvervalued exchange rates, lack of funds to invest inparastatalagriculture and weak international prices caused plantation agriculture and timber production to stagnate.From theCambridge English CorpusFrom the perspective of the colonial government, theparastatalorganizations were convenient arenas for managing the local elite.From theCambridge English CorpusIn water delivery, theparastatalinstitutions emphasize the importance of local knowledge, networking, and embedding irrigation staff in local communities.From theCambridge English CorpusThey received technical support from aparastatalinfrastructure that expanded along with the rise in the country's national wealth.From theCambridge English CorpusIn addition, the party leadership wields enormous patronage through, for example, appointments in the public,parastataland even (indirectly) the private sectors.From theCambridge English CorpusA massiveparastatalsystem for marketing produce was used to maintain high producer prices, with the cost passed onto consumers.From theCambridge English CorpusChanging theparastatalmode to a bureaucratic mode would simply require a complete overhaul of the government's agricultural bureaucracy.From theCambridge English CorpusThese examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.#https://dictionary.cambridge.org//dictionary/english/parastatal##
