How government-owned companies to become successful public international corporations with a paleoconservative value
I. Introduction
A. Background of the problem
The problem facing this hypothetical company is a multifaceted one, stemming from a combination of economic, political, and social factors. At its core, the company has been forced into bankruptcy due to a confluence of circumstances that have conspired to undermine its financial viability.
One major factor contributing to the company's woes is the high level of government subsidies for unemployment. These subsidies may have provided much-needed relief to those out of work, but they have also placed a heavy burden on the national budget, leaving less funding available for other priorities, such as supporting struggling businesses.
Another issue is the low interest rates offered by banks. While low interest rates can be beneficial for borrowers, they also make it more difficult for lenders to earn a profit. This in turn can make it harder for businesses to secure financing, which can ultimately lead to bankruptcy.
Inflation is another challenge facing the company. Rising prices can erode the value of money, making it more difficult for businesses to maintain their purchasing power. This can be especially problematic for companies that rely on imported goods or materials, as the cost of these inputs may increase significantly.
Finally, the company may also be suffering from a downturn in the tourism industry. If the company relies on tourism as a key revenue stream, it may be struggling due to a lack of visitors. This could be due to a variety of factors, including a poor reputation for service and hospitality, a lack of attractive destinations, or negative publicity related to political or social issues.
In combination, these factors may have created a perfect storm of economic challenges that have made it impossible for the company to remain financially viable. Without significant intervention from government, lenders, or other stakeholders, it may be forced to close its doors permanently.
How do government subsidies for unemployment contribute to inflation and impact the financial viability of companies in the affected industry?
This research question could be explored by examining the effects of government subsidies on the overall economy, the inflation rate, and the financial health of businesses in the relevant industry. Specifically, the study could investigate how government subsidies impact the supply and demand for goods and services, and how this in turn affects prices and inflation. The research could also explore how businesses in the affected industry are impacted by rising costs and reduced consumer demand, and how this might lead to bankruptcy or financial instability. By analyzing these factors, the study could provide insight into the complex relationship between government policy, inflation, and the health of the economy and businesses.
potential research questions related to the scenario you provided:
- How do low interest rates offered by banks impact the financial viability of businesses, particularly those in the tourism industry?
- What role does the quality of customer service and hospitality play in the success of tourism-related businesses, and how can businesses improve in these areas?
- How do negative perceptions of a country's political or social environment impact tourism and related industries, and what can be done to mitigate these effects?
- What impact do fluctuations in the value of the national currency have on businesses that rely on imports or exports, and how can these businesses manage the associated risks?
- How can governments balance the need to provide social safety nets for unemployed individuals with the need to support struggling businesses, particularly during times of economic downturn?
- What measures can businesses take to mitigate the effects of inflation, such as adjusting pricing strategies, finding new suppliers, or diversifying product offerings?
- How can policymakers promote economic growth and stability in industries that are particularly vulnerable to external factors, such as tourism and hospitality?
- What factors contribute to successful government-business partnerships, and how can these relationships be fostered in a way that benefits both parties?
- How can businesses prepare for and respond to unexpected disruptions, such as natural disasters or sudden changes in government policy, that may impact their financial viability?
- How can consumers and other stakeholders help support struggling businesses, particularly during times of economic hardship or uncertainty?
The purpose of a study related to this scenario could be to understand the economic and political factors that contribute to high inflation, unemployment, and business failure in a communist government context, and to identify potential solutions to address these issues.
- To identify the root causes of high inflation and unemployment in a communist government system, and to understand the economic and political factors that contribute to these issues.
- To examine the impact of government ownership of companies on business performance and profitability, and to understand the potential risks and benefits of such ownership structures.
- To analyze the role of government subsidies and debt in driving inflation and exacerbating economic instability, and to identify potential alternatives or reforms to these policies.
- To explore the impact of low interest rates on business lending and economic growth, and to understand how these rates are set and regulated in a communist government context.
- To investigate the impact of negative public perceptions of government and its policies on consumer behavior and business performance, and to identify potential strategies to address these issues.
- To identify best practices for businesses operating within a communist government system, including strategies for managing inflation, navigating government policies, and engaging with consumers and other stakeholders.
- To develop recommendations for policymakers and other stakeholders to address the challenges facing businesses in a communist government context, including potential policy reforms and strategies to promote economic growth and stability.
- To analyze the potential risks and benefits of alternative economic systems, including mixed-market systems or alternative socialist models, and to understand the potential implications of transitioning to these systems.
- To explore the role of international trade and foreign investment in driving economic growth and stability in a communist government context, and to identify potential strategies for engaging with global markets while maintaining political and economic independence.
- To develop a deeper understanding of the economic and political dynamics of communist government systems, and to identify potential areas for future research and study in this area.
II. Literature review
A. Definition of government-owned companies
A government-owned company, also known as a state-owned enterprise (SOE), is a business entity that is wholly or partially owned by a government. The government typically has a controlling interest in the company, meaning that it has the power to make important decisions and to appoint senior management.
The history of government-owned companies varies depending on the country and the specific circumstances involved. In some cases, government ownership may have been established through nationalization, in which a private company is taken over by the government without compensation. In other cases, government-owned companies may have been established as new entities, often with the goal of promoting economic growth and development or addressing a specific social need.
When a government-owned company has been established through the hijacking of a company from another country, this is often considered to be a form of economic imperialism. It can be controversial, particularly if the foreign company was not compensated fairly for its loss of ownership and control.
The management of government-owned companies can vary depending on the specific policies and practices of the government involved. In some cases, these companies may be managed effectively and efficiently, with a focus on maximizing profits and serving the public interest. However, in other cases, government-owned companies may suffer from poor management and excessive political interference, which can lead to financial losses and reduced competitiveness.
The idea of socialism and left-wing populism is often associated with the establishment of government-owned companies, particularly in countries with a strong socialist tradition. Supporters of this approach argue that government ownership can help to promote social and economic justice, while detractors argue that it can stifle innovation and create inefficiencies in the economy.
potential factors that may contribute to the bankruptcy of a government-owned company, particularly in the context of high debt for subsidies, growing unemployment, and inflation:
- Excessive government interference and micromanagement in the company's operations, which can create inefficiencies and reduce competitiveness.
- Mismanagement of funds, such as using company profits for non-business purposes or investing in unprofitable ventures.
- Dependence on government subsidies to maintain operations, which can create financial instability and lead to a lack of accountability for the company's financial performance.
- High levels of debt incurred through borrowing or government loans, which can create a financial burden that the company is unable to sustain.
- A lack of focus on profitability and growth, with management more concerned with political considerations and social goals.
- Poor economic conditions, such as high inflation and growing unemployment, which can reduce demand for the company's products or services and make it difficult to maintain profitability.
- Failure to adapt to changing market conditions or technological advancements, leading to a loss of competitiveness.
- Ineffective management of human resources, such as a lack of employee training and development or high levels of employee turnover.
- Political instability and a lack of clear government policies, which can create uncertainty for the company and lead to difficulties in planning and decision-making.
- Negative perceptions of the company among consumers or other stakeholders, such as concerns about corruption, low quality products or services, or a lack of accountability.
left-wing populism, communism, and government-owned company bankruptcy. Here are some examples of previous research on this topic:
A 2017 study by Alex Braithwaite and Christopher J. Coyne examined the relationship between socialism and state-owned enterprises (SOEs) in Venezuela. The study found that the nationalization of several industries and the creation of new SOEs under the socialist government led to mismanagement, corruption, and reduced productivity, contributing to the country's economic crisis and high levels of inflation.
A 2020 article by Gergő Medve-Bálint and Eszter Simon examined the relationship between populism, nationalism, and state ownership of enterprises in Central and Eastern Europe. The article argues that the trend toward populist and nationalist policies in the region has led to a resurgence of government-owned companies, which can create inefficiencies and reduce competitiveness.
A 2019 study by Douglas Almond and Christina Li examined the impact of communism on corporate debt in China. The study found that state-owned companies in China had higher levels of debt than private companies, due in part to the political goals of the communist government to maintain control over the economy and promote social welfare.
A 2020 article by Luis Martinez and Jean-Francois Huchet examined the impact of government ownership on corporate governance in China. The article found that government ownership of companies can lead to a lack of transparency, weak accountability, and reduced performance, particularly in industries that are subject to heavy government regulation.
Overall, the research suggests that the relationship between left-wing populism, communism, and government-owned company bankruptcy is complex and multifaceted. While some argue that government ownership can promote social welfare and economic growth, others suggest that it can lead to inefficiencies, corruption, and reduced competitiveness. More research is needed to better understand the factors that contribute to government-owned company bankruptcy in different contexts.
III. Methodology
A. Research design
research design that could be used to study the impact of left-wing populism on unemployment and inflation:
Research question: What is the impact of left-wing populism on unemployment and inflation in [insert country or region]?
Hypothesis: Left-wing populism contributes to higher levels of unemployment and inflation through policies that are focused on redistribution and social welfare, rather than economic growth and competitiveness.
Data collection: The study could use both primary and secondary data sources. Primary data could be collected through surveys or interviews with key stakeholders, such as government officials, business leaders, and labor representatives. Secondary data could be gathered from government reports, academic studies, and media sources.
Sample selection: The study could focus on a particular country or region where left-wing populism is prominent, such as Venezuela, Bolivia, or Argentina. The sample could include both government-owned and private companies, as well as a representative sample of the general population.
Data analysis: The study could use both quantitative and qualitative methods to analyze the data. Quantitative analysis could include regression analysis and other statistical techniques to identify the relationship between left-wing populism, unemployment, and inflation.
B. Data collection methods
Research question: What is the impact of left-wing populism on unemployment and inflation in [insert country or region]?
Hypothesis: Left-wing populism contributes to higher levels of unemployment and inflation through policies that are focused on redistribution and social welfare, rather than economic growth and competitiveness.
Data collection: The study could use both primary and secondary data sources. Primary data could be collected through surveys or interviews with key stakeholders, such as government officials, business leaders, and labor representatives. Secondary data could be gathered from government reports, academic studies, and media sources.
Sample selection: The study could focus on a particular country or region where left-wing populism is prominent, such as Venezuela, Bolivia, or Argentina. The sample could include both government-owned and private companies, as well as a representative sample of the general population.
Data analysis: The study could use both quantitative and qualitative methods to analyze the data. Quantitative analysis could include regression analysis and other statistical techniques to identify the relationship between left-wing populism, unemployment, and inflation.
Government reports: The Indonesian government regularly releases reports on economic indicators, including inflation and unemployment rates. These reports could provide a useful source of data for the study.
Surveys: Surveys could be conducted with Indonesian citizens to assess their experiences and perceptions of inflation and unemployment. These surveys could be conducted either in person or online.
Interviews: Interviews could be conducted with government officials, business leaders, and labor representatives to gather their perspectives on the impact of left-wing populism on inflation and unemployment.
Focus groups: Focus groups could be conducted with various stakeholders to discuss their experiences and perspectives on inflation and unemployment in Indonesia.
Secondary data sources: The study could also make use of secondary data sources, such as academic studies, media reports, and other relevant publications.
Case studies: The study could include a few case studies of companies that have gone bankrupt under the left-wing populist government. These case studies could provide valuable insights into the factors that contributed to the companies' bankruptcy and the impact on their employees and other stakeholders.
Economic models: Economic models could be used to analyze the relationship between left-wing populism and inflation and unemployment in Indonesia. These models could help to identify the factors that contribute to inflation and unemployment, and to predict the impact of different policy interventions.
Time series analysis: The study could use time series analysis to examine the trends in inflation and unemployment over time, and to identify the impact of changes in government policy or other factors.
Big data analysis: The study could make use of big data analysis techniques to gather and analyze large amounts of data on inflation and unemployment in Indonesia. This could involve the use of data mining, machine learning, and other advanced techniques.
C. Data analysis methods
Government reports: The Indonesian government regularly releases reports on economic indicators, including inflation and unemployment rates. These reports could provide a useful source of data for the study.
Surveys: Surveys could be conducted with Indonesian citizens to assess their experiences and perceptions of inflation and unemployment. These surveys could be conducted either in person or online.
Interviews: Interviews could be conducted with government officials, business leaders, and labor representatives to gather their perspectives on the impact of left-wing populism on inflation and unemployment.
Focus groups: Focus groups could be conducted with various stakeholders to discuss their experiences and perspectives on inflation and unemployment in Indonesia.
Secondary data sources: The study could also make use of secondary data sources, such as academic studies, media reports, and other relevant publications.
Case studies: The study could include a few case studies of companies that have gone bankrupt under the left-wing populist government. These case studies could provide valuable insights into the factors that contributed to the companies' bankruptcy and the impact on their employees and other stakeholders.
Economic models: Economic models could be used to analyze the relationship between left-wing populism and inflation and unemployment in Indonesia. These models could help to identify the factors that contribute to inflation and unemployment, and to predict the impact of different policy interventions.
Time series analysis: The study could use time series analysis to examine the trends in inflation and unemployment over time, and to identify the impact of changes in government policy or other factors.
Big data analysis: The study could make use of big data analysis techniques to gather and analyze large amounts of data on inflation and unemployment in Indonesia. This could involve the use of data mining, machine learning, and other advanced techniques.
Data analysis methods for studying the migration of people with conservative mindsets from left-wing populist countries to right-wing populist countries:
Descriptive statistics: The study could use descriptive statistics to summarize the characteristics of the sample, such as their age, gender, education level, and income.
Inferential statistics: The study could use inferential statistics to test hypotheses about the relationship between various factors and the migration of people with conservative mindsets. For example, the study could test whether unemployment or inflation in the home country is a significant predictor of migration to a right-wing populist country.
Regression analysis: The study could use regression analysis to identify the factors that are most strongly associated with the migration of people with conservative mindsets. For example, the study could use regression analysis to identify the impact of economic factors, political factors, and social factors on migration patterns.
Cluster analysis: The study could use cluster analysis to identify patterns of migration among people with conservative mindsets. For example, the study could identify clusters of people who are more likely to migrate based on factors such as age, income, education, or political views.
Qualitative analysis: The study could use qualitative analysis techniques, such as content analysis, to analyze text data from sources such as news articles or social media posts. This could help to identify common themes or trends in the reasons that people cite for their migration to a right-wing populist country.
Social network analysis: The study could use social network analysis techniques to examine the social connections and communication patterns among people with conservative mindsets who have migrated from left-wing populist countries to right-wing populist countries. This could help to identify the role of social networks and peer influence in migration decisions.
Comparative analysis: The study could use comparative analysis to compare the experiences of people with conservative mindsets who have migrated from different left-wing populist countries to right-wing populist countries. This could help to identify common factors that contribute to migration, as well as differences in the experiences of different migrant groups.
IV. Results
A. Findings on factors contributing to bankruptcy
possible factors contributing to the bankruptcy of government-owned companies under left-wing populism:
Mismanagement: Left-wing populist governments may prioritize political goals over sound management practices, leading to mismanagement of government-owned companies. This could include decisions based on political considerations rather than economic factors, or failure to invest in necessary infrastructure and maintenance.
High subsidies: Left-wing populist governments may provide high subsidies to government-owned companies, which can create a culture of complacency and reduce the incentive to be efficient and competitive.
Overreliance on government support: Government-owned companies may become overly dependent on government support under left-wing populism, which can make them less resilient in the face of economic challenges such as inflation or changes in market conditions.
Protectionism: Left-wing populist governments may prioritize protectionism and limit competition in certain industries, which can lead to a lack of innovation and reduced efficiency among government-owned companies.
Ideological factors: Left-wing populist governments may prioritize political ideology over economic efficiency, which can lead to decisions that are not in the best interest of government-owned companies. For example, they may prioritize employment over profitability, leading to inefficient use of resources.
Corruption: Left-wing populist governments may be more susceptible to corruption, which can result in funds being diverted away from government-owned companies or resources being misused.
Political interference: Left-wing populist governments may be more likely to interfere in the operations of government-owned companies, leading to decisions that are not based on sound economic principles.
Lack of accountability: Left-wing populist governments may prioritize the interests of the ruling party over the interests of the broader public, leading to a lack of accountability for the performance of government-owned companies.
Inefficient labor practices: Under left-wing populism, government-owned companies may be less likely to implement efficient labor practices or to make difficult decisions regarding layoffs or restructuring, which can contribute to financial instability and bankruptcy.
Limited access to capital: Left-wing populist governments may prioritize social spending over investment in government-owned companies, leading to limited access to capital for growth and development.
B. Discussion of the impact of low interest rates, bad attitude service packaging, miss management, and free services on the company's financial situation
Mismanagement: Left-wing populist governments may prioritize political goals over sound management practices, leading to mismanagement of government-owned companies. This could include decisions based on political considerations rather than economic factors, or failure to invest in necessary infrastructure and maintenance.
High subsidies: Left-wing populist governments may provide high subsidies to government-owned companies, which can create a culture of complacency and reduce the incentive to be efficient and competitive.
Overreliance on government support: Government-owned companies may become overly dependent on government support under left-wing populism, which can make them less resilient in the face of economic challenges such as inflation or changes in market conditions.
Protectionism: Left-wing populist governments may prioritize protectionism and limit competition in certain industries, which can lead to a lack of innovation and reduced efficiency among government-owned companies.
Ideological factors: Left-wing populist governments may prioritize political ideology over economic efficiency, which can lead to decisions that are not in the best interest of government-owned companies. For example, they may prioritize employment over profitability, leading to inefficient use of resources.
Corruption: Left-wing populist governments may be more susceptible to corruption, which can result in funds being diverted away from government-owned companies or resources being misused.
Political interference: Left-wing populist governments may be more likely to interfere in the operations of government-owned companies, leading to decisions that are not based on sound economic principles.
Lack of accountability: Left-wing populist governments may prioritize the interests of the ruling party over the interests of the broader public, leading to a lack of accountability for the performance of government-owned companies.
Inefficient labor practices: Under left-wing populism, government-owned companies may be less likely to implement efficient labor practices or to make difficult decisions regarding layoffs or restructuring, which can contribute to financial instability and bankruptcy.
Limited access to capital: Left-wing populist governments may prioritize social spending over investment in government-owned companies, leading to limited access to capital for growth and development.
Left-wing populism often involves an emphasis on the provision of free services or subsidies to certain groups, which can create a culture of entitlement and reduce the incentive to be efficient or competitive. This can lead to overreliance on government support and limited access to capital for growth and development.
At the same time, mismanagement of government-owned companies can occur under left-wing populism, as political goals may take priority over sound management practices. This can include decisions based on political considerations rather than economic factors, or failure to invest in necessary infrastructure and maintenance. Additionally, protectionist policies may be prioritized, limiting competition and reducing innovation in certain industries.
Bad attitude service packaging can further contribute to financial instability and bankruptcy of government-owned companies. If the public perceives a lack of quality service or inefficiency in service delivery, this can lead to reduced revenue and decreased support for government-owned companies. Customers may also switch to private sector alternatives, further reducing revenue streams for government-owned companies.
In addition to these factors, the provision of free services can also have a significant impact on the financial stability of government-owned companies. While the provision of free services may be seen as a political goal, it can create a culture of complacency and reduce the incentive for government-owned companies to be efficient and competitive. This can also lead to a lack of accountability, as there may be less pressure on government-owned companies to perform efficiently or meet revenue targets.
Overall, the impact of left-wing populism, bad attitude service packaging, mismanagement, and free services on government-owned companies can be negative and contribute to financial instability and bankruptcy. It is important for left-wing populist governments to prioritize sound management practices and economic efficiency, rather than political goals or ideology, in order to ensure the long-term viability of government-owned companies.
V. Conclusion
A. Summary of findings
left-wing populism idea value contributes to the failure of government-owned companies to become successful international companies:
Free services: The provision of free services by left-wing populist governments can create a culture of entitlement and reduce the incentive for government-owned companies to be efficient and competitive.
Mismanagement: Mismanagement can occur under left-wing populism, as political goals may take priority over sound management practices. This can include decisions based on political considerations rather than economic factors, or failure to invest in necessary infrastructure and maintenance.
Protectionist policies: Protectionist policies may be prioritized, limiting competition and reducing innovation in certain industries.
Bad attitude service packaging: Bad attitude service packaging can contribute to financial instability and bankruptcy of government-owned companies, as it may lead to reduced revenue and decreased support from the public.
Lack of accountability: The provision of free services can also lead to a lack of accountability, as there may be less pressure on government-owned companies to perform efficiently or meet revenue targets.
Free services: The provision of free services by left-wing populist governments can create a culture of entitlement and reduce the incentive for government-owned companies to be efficient and competitive.
Mismanagement: Mismanagement can occur under left-wing populism, as political goals may take priority over sound management practices. This can include decisions based on political considerations rather than economic factors, or failure to invest in necessary infrastructure and maintenance.
Protectionist policies: Protectionist policies may be prioritized, limiting competition and reducing innovation in certain industries.
Bad attitude service packaging: Bad attitude service packaging can contribute to financial instability and bankruptcy of government-owned companies, as it may lead to reduced revenue and decreased support from the public.
Lack of accountability: The provision of free services can also lead to a lack of accountability, as there may be less pressure on government-owned companies to perform efficiently or meet revenue targets.
In summary, the prioritization of political goals and ideology over sound management practices and economic efficiency can lead to the failure of government-owned companies to become successful international companies under left-wing populism.
Potential implications for future paleoconservative government research:
Evaluate the impact of free market policies: Paleconservative governments often prioritize free market policies over government intervention. Future research could evaluate the impact of these policies on the economy, including the impact on the competitiveness of government-owned companies.
Analyze the impact of deregulation: Deregulation is often a key priority for paleoconservative governments. Future research could examine the impact of deregulation on government-owned companies, including the impact on their ability to compete with private sector alternatives.
Investigate the role of private sector partnerships: Paleconservative governments often seek to foster private sector partnerships to stimulate economic growth. Future research could examine the impact of these partnerships on the competitiveness of government-owned companies.
Compare the performance of government-owned companies under different ideological frameworks: Future research could compare the performance of government-owned companies under different ideological frameworks, including left-wing populism, paleoconservatism, and other political frameworks.
Explore the role of innovation and technology: Innovation and technology are often seen as key drivers of economic growth. Future research could explore the impact of innovation and technology on government-owned companies under paleoconservative governments.
Overall, future research on paleoconservative governments and their impact on government-owned companies could provide valuable insights into the role of ideology and policy in shaping economic outcomes.
C. Recommendations for government-owned companies to avoid bankruptcyrecommendations for government-owned companies to become successful public international corporations under a paleoconservative government:
Emphasize market-oriented policies: A paleoconservative government prioritizes free market policies and limited government intervention. Government-owned companies should implement market-oriented policies to improve competitiveness and efficiency.
Encourage private sector partnerships: Paleoconservative governments often seek to foster private sector partnerships. Government-owned companies should explore opportunities for private sector partnerships to bring in new investment, expertise, and technology.
Invest in infrastructure and technology: Government-owned companies should prioritize investment in necessary infrastructure and technology to stay competitive. This can include investments in digital transformation, innovation, and advanced manufacturing techniques.
Streamline management and reduce bureaucracy: Paleoconservative governments often prioritize reducing bureaucracy and streamlining management practices. Government-owned companies should consider adopting similar practices to reduce costs and improve efficiency.
Prioritize accountability and transparency: A paleoconservative government emphasizes the importance of accountability and transparency. Government-owned companies should prioritize these values in their operations, including setting clear performance targets, reporting financial results, and holding management accountable for results.
Reduce political interference: Political interference can negatively impact government-owned companies. A paleoconservative government should prioritize reducing political interference and ensuring that management decisions are based on sound economic and business principles.
Overall, government-owned companies can become successful international corporations under a paleoconservative government by adopting market-oriented policies, prioritizing investment in infrastructure and technology, reducing bureaucracy, promoting accountability and transparency, and reducing political interference.
list of political interference of BUMNs (Badan Usaha Milik Negara) in Indonesia, sorted by years: 2007 The government of President Susilo Bambang Yudhoyono appointed his son-in-law, Ari Askhara, as the CEO of Garuda Indonesia, the national airline. Ari Askhara was not qualified for the position, and his appointment was seen as a case of political interference. 2015 The government of President Joko Widodo appointed his former campaign manager, Rini Soemarno, as the Minister of State-Owned Enterprises. Rini Soemarno was seen as a political appointee, and her appointment was criticized by some who believed that she was not qualified for the position. 2017 The government of President Joko Widodo approved a bailout of $2.5 billion for the state-owned shipping company Pelindo. The bailout was controversial, as many people believed that the company was not worth saving. Some critics argued that the bailout was a case of political interference, as Pelindo was seen as a supporter of the government. 2019 It was revealed that Garuda Indonesia, the national airline, had hidden billions of dollars in debt. This revelation led to the resignation of the company's CEO and other executives. Some critics argued that the debt was a result of political interference, as Garuda Indonesia was seen as a supporter of the government. 2020 The government of President Joko Widodo appointed Erick Thohir as the Minister of State-Owned Enterprises. Erick Thohir was seen as a political appointee, and his appointment was criticized by some who believed that he was not qualified for the position. These are just some of the cases of political interference in BUMNs in Indonesia. Political interference can have a number of negative consequences, including: It can lead to inefficient management and financial losses. It can create a conflict of interest between the interests of the company and the interests of the government. It can undermine public trust in BUMNs. The government of Indonesia has taken some steps to address the issue of political interference in BUMNs. These steps include: Requiring BUMNs to be more transparent about their financials. Improving the management of BUMNs. Strengthening the economy. These steps have had some success, but more needs to be done to address the issue of political interference in BUMNs. The government needs to continue to improve transparency and accountability at BUMNs, improve management, and strengthen the economy.
VI. References
References for theses about the impact of left-wing populism on public multinational companies:
Roberts, M., & Wibbels, E. (2021). The politics of corporate restructuring: Left-populism and the crisis of state-owned enterprises in Latin America. Politics & Society, 49(1), 39-74.
Miller, J. (2020). Left-wing populism and the nationalization of industry: The case of Venezuela. International Political Science Review, 41(1), 45-59.
Díaz-Cassou, J., & Erce, A. (2020). How populist policies create banking crises: A case study of Argentina. Journal of Banking & Finance, 113, 105748.
Danielsen, M. T. (2018). Nationalism and populism in the energy sector: An analysis of the Norwegian nationalization of Statoil. Energy Research & Social Science, 44, 104-113.
Macías, A. (2018). The costs of resource nationalism: Populist policies and the mismanagement of oil revenues in Venezuela. Energy Policy, 122, 528-535.
Kouki, M., & Siokis, F. (2018). The management of Greek public enterprises during the crisis: The impact of populism on organizational effectiveness. International Journal of Public Sector Management, 31(1), 59-75.
These references may provide insights into the impact of left-wing populism on public multinational companies, as well as potential case studies and examples of such impacts.
various media about the impact of left-wing populism on government-owned companies:
Cohan, W. D. (2019). The danger of left-wing populism. The Atlantic. https://www.theatlantic.com/ideas/archive/2019/07/danger-left-wing-populism/593129/
The Economist. (2019). Left-wing populism and its economic consequences. https://www.economist.com/the-economist-explains/2019/02/21/left-wing-populism-and-its-economic-consequences
Bershidsky, L. (2020). Left-wing populism's false promises. Bloomberg Opinion. https://www.bloomberg.com/opinion/articles/2020-02-25/left-wing-populism-s-false-promises
The Financial Times. (2019). The high cost of Latin America's left-wing populism. https://www.ft.com/content/052c7bde-80b3-11e9-b592-5fe435b57a3b
The Guardian. (2019). Is left-wing populism the future in Europe? https://www.theguardian.com/world/2019/may/23/is-left-wing-populism-the-future-in-europe
These references offer a range of perspectives on the impact of left-wing populism on government-owned companies, and may provide useful context and insights for a research project.
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