Privatization in Developing Countries

• Tác giả: Saul Estrin
• Ngôn ngữ: eng
• Ký hiệu phân loại: 338.92 Specific policies
• Thông tin xuất bản: Published by Oxford University Press on behalf of the World Bank, 2019
• Bộ sưu tập: Tài liệu truy cập mở
• ID: 316161
• Chủ đề: 1. DISTRIBUTIONAL IMPACT; 2. PRIVATIZATION; 3. PUBLIC POLICY; 4. PUBLIC SECTOR REFORM; 5. REGULATORY FRAMEWORK

Tóm tắt

 This paper reviews the recent empirical evidence on privatization in developing countries, with particular emphasis on new areas of research such as the distributional impacts of privatization. Overall, the literature now reflects a more cautious and nuanced evaluation of privatization. Thus, private ownership alone is no longer argued to automatically generate economic gains in developing economies
  pre-conditions (especially the regulatory infrastructure) and an appropriate process of privatization are important for attaining a positive impact. These comprise a list which is often challenging in developing countries: well-designed and sequenced reforms
  the implementation of complementary policies
  the creation of regulatory capacity
  attention to poverty and social impacts
  and strong public communication. Even so, the studies do identify the scope for efficiency-enhancing privatization that also promotes equity in developing countries.