Privatisation in Developing Countries: A Review of the Evidence and the Policy Lessons
- 1 May 2005
- journal article
- review article
- Published by Taylor & Francis Ltd in The Journal of Development Studies
- Vol. 41 (4), 513-541
- https://doi.org/10.1080/00220380500092499
Abstract
Privatisation is widely promoted as a means of improving economic performance in developing countries. However, the policy remains controversial and the relative roles of ownership and other structural changes, such as competition and regulation, in promoting economic performance remain uncertain. This article reviews the main empirical evidence on the impact of privatisation on economic performance in developing economies. The evidence suggests that if privatisation is to improve performance over the longer term, it needs to be complemented by policies that promote competition and effective state regulation, and that privatisation works best in developing countries when it is integrated into a broader process of structural reform.Keywords
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