ISSN:
0951-3558
Source:
Emerald Fulltext Archive Database 1994-2005
Topics:
Political Science
,
Economics
Notes:
State intervention is needed to dismantle the protective regime of"government failure" and expose the developing economies tothe new rigour of global competition and technological advancement. Inaddition to standing the test of welfare consequences, a developingcountry's agenda for privatization includes restructuring, reform,commercialization, management-cum-technology contracts for publicenterprises and their leasing - prior to divestiture, jointventure, hire purchase and disinvestment of minority, majority or fullshareholding through public offer or private sale. The backward andforward linkages, the institutional framework, the pace and sequence,planning and preparation and financing of privatization, withtransparency of procedure, are equally important preconditions foravoiding corruption and ensuring efficiency. Divestiture without reformcan be counter-productive. Divestiture without private sectordevelopment can remain "stillborn".
Type of Medium:
Electronic Resource
URL:
http://dx.doi.org/10.1108/09513559410061740
