What is the difference between Parastatal and State-owned?

The difference between parastatal and state-owned

is that "parastatal" is a company, agency, or intergovernmental organization that possesses political clout and is separate from the government, but whose activities serve the state, either directly or indirectly and "state-owned" is owned and controlled by the country’s government.

parastatal

state-owned

Noun

  • (chiefly Africa) A company, agency, or intergovernmental organization that possesses political clout and is separate from the government, but whose activities serve the state, either directly or indirectly.

Synonyms

  • quango

Adjective

  • Pertaining to such a company or group.

Exemple

  • ‘Parastatal’ organizations – local councils, representatives of business, the Red Cross – had been increasingly filling the gap left by the government’s maladministration […].

Adjective

  • owned and controlled by the country’s government.

Related terms

  • state ownership