Economic and Social Impact of Privatisation of State-owned Enterprises in Africa, The

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African Books Collective, 2008 - Business & Economics - 80 pages
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The case for privatization, whether defined in a broad or narrow sense, has been forcefully made by its advocates against the backdrop of the much advertised poor performances of state-owned enterprises (SOEs) and theoretical arguments relating to the efficiency of private firms over public enterprises. Consequently, privatization and commercialization have been key components of the structural adjustment programmes foisted by the Bretton Woods institutions on Third World countries. Yet, the empirical findings on privatization, especially outside Africa where they exist, do not portray the strategy to be a panacea that works in all circumstances in all branches of economic activity. In spite of this, since the late 1980s, privatization has been stepped up in almost all African countries. And after about two decades of vigorous implementation of privatization programmes in Africa, there is a compelling need for a comprehensive and systematic analysis of various privatization issues, particularly the economic and social impact. This book thus establishes a clear case for a comprehensive and systematic analysis of the impact of privatization in Africa. Specifically, the book provides a state-of-the art review of privatization issues and research questions as a prelude to an in-depth study of the economic and social impact of privatization. In the light of the rich insights brought to bear on the issues, this book should stimulate the interest of researchers, donors and policy makers to undertake or support the follow-up in-depth research envisaged.
 

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Contents

Introduction
1
StateOwned Enterprises and the Privatisation Debate
6
The Rationale for Public Enterprises
8
Performance of Public Enterprises
10
The Case for Privatisation
14
Ideologies and Structural Adjustment Basis
20
Concept of Privatisation
24
Chapter 5 Objectives of Privatisation
28
Chapter 7 State of Africas Privatisation
41
Impact of Privatisation Theoretical Predictions
46
Microeconomic Effects
49
Social and Distributional Effects
51
Impact of Privatisation Empirical Evidence
56
Methods of Impact Assessment
58
Empirical Findings
60
Concluding Remarks
67

Principles and Methods of Privatisation
31
Overview of Divestiture Methods
33
Privatisation Methods Not Involving Ownership Transfer
36
Concluding Observations
39
Need for Research and Summary of Research Issues
69
Bibliography
72
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