Privatisation in developing countries - 12

It is widely felt that the public sector in many developing countries is too large, and that privatisation would benefit both the users of individual services and the economy in general.

However, enthusiasm for private enterprise solutions is not always matched by the requisite financial and economic technology.

The sort of schemes appropriate for a country like China, with its highly planned public sector economy, and Jordan, with its dominant private sector, are unlikely to be the same.

Privatisation without reference to these differences will be an economic, administrative, and organisational chaos rather than a panacea. Originally published in 1989, this book starts with an analysis on the concept, rationale and fundamental issues of privatisation, with reference to both developed and developing countries.