12-14-2018, 11:05 AM
Privatization Basic concept
Privatization - An Economic or Political Process?
Privatization is fundamentally a political process as well as a commercial and economic process
Privatization changes the distribution of power within a society, as it diminishes control of the economy by the state and government- appointed managers.
What are the goals of privatization?
Macroeconomic goals
- Government's may want to extricate themselves from financial commitments made to PSUs,.and focus scarce resources instead on education, infrastructure, and social welfare.
- to promote the development of the private sector by "leveling the playing field" and ending subsidized competition from state-owned enterprises
- to obtain the sales proceeds and use them to finance shortfall in the government's budget or retire some of the public sector debt.
To Read more...
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Privatization - An Economic or Political Process?
Privatization is fundamentally a political process as well as a commercial and economic process
Privatization changes the distribution of power within a society, as it diminishes control of the economy by the state and government- appointed managers.
What are the goals of privatization?
Macroeconomic goals
- Government's may want to extricate themselves from financial commitments made to PSUs,.and focus scarce resources instead on education, infrastructure, and social welfare.
- to promote the development of the private sector by "leveling the playing field" and ending subsidized competition from state-owned enterprises
- to obtain the sales proceeds and use them to finance shortfall in the government's budget or retire some of the public sector debt.
To Read more...
register as member and login to download attachment [pdf] by right-click the pdf link and Select “Save link as” use for Educational Purposes Only