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Privatization in developing countries: what are the lessons of recent experience?

Estrin, Saul and Pelletier, Adeline (2018) Privatization in developing countries: what are the lessons of recent experience? World Bank Research Observer, 33 (1). pp. 65-102. ISSN 0257-3032

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Identification Number: 10.1093/wbro/lkx007

Abstract

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

Item Type: Article
Official URL: https://academic.oup.com/wbro
Additional Information: © 2018 The Authors
Divisions: Management
Subjects: H Social Sciences > HC Economic History and Conditions
H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
Sets: Departments > Management
Date Deposited: 23 Mar 2018 16:45
Last Modified: 20 Oct 2019 00:08
URI: http://eprints.lse.ac.uk/id/eprint/87348

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