The Promises and Challenges of Privatization in Least Developed Countries (LDCs)

Abstract

One major manifestation of New Public Management type of public sector reform has been privalization. Donor and aid agencies continue to pressurize countries – developed and developing alike – to privatize their public enterprises based on the rationale that privalization will reduce budget deficit, will make the enterprises profitable, will lower prices for customers and improve quality of service. This paper argues that although theoretically possible, the potential benefits may not be realised in LDCs where converting a public monopoly into a private monopoly may be counterproductive. The answer lies in either public enterprise reform to achieve both efficiency and social objectives or in accompanying privatization with liberalization and competition.

Cite this work

No public copy is stored for this record, so only the metadata is cited.

Stored only when both papers are in the corpus — 0 citations exist upstream.

Papers that cite the same references — the relational fallback while embeddings are still backfilling.