Privatization in developing countries: a review of the issues

Walle, Nicolas van de

doi:10.1016/0305-750x(89)90062-4

Cited by 110 publications

(16 citation statements)

References 31 publications

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“…Because SOEs usually rely on state subsidies and protection, this incentive is lacking, and accounts for their inefficiency. Major protagonists in this school are Hanke [16], Cook and Kirkpatrick [7], Commander and Killick [18] and Van De Walle [3], their notion of efficiency being confined to the technical aspects.…”

Section: Privatization Theorymentioning

confidence: 99%

“…The fourth school that Lesser identifies is the 'fiscal benefits argument' which maintains that 'divestiture will cut government expenditure and help restore budgetary balance' [3]. Divestiture is said to reduce government expenditure; bring more revenue to the government 'from the sales proceeds realized from privatization which can be used to finance current expenditure or to write down the government's debt' [lo].…”

Section: Privatization Theorymentioning

confidence: 99%

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Rethinking maritime privatization in Africa

Iheduru

1993

Maritime Policy & Management

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While recognizing the need for increased participation of the private sector in the maritime industry of developing countries, there is a need to go beyond the call for privatization in terms of mere change of ownership from state to private sector as the only solution to the inefficiency of the maritime industry in developing countries. This limited understanding of the maritime problems of these countries abounds in the literature on maritime privatization. This study departs from this approach and focuses on the political economy of the maritime industry, and suggests that maritime privatization will not necessarily result in increased efficiency of the divested maritime enterprises. Rather, it argues that maritime problems in these countries have less to do with ownership than with the structural constraints in world shipping together with internal management and local ~olitics. The maritime industrv in West and Central Africa is used as a case studv. . . and recommendations such as selective privatization, 'programme contract', and most importantly, corporatization, are suggested as alternative strategies that could enhance maritime privatization and the development of the maritime industry in developing countries.

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Section: Privatization Theorymentioning

confidence: 99%

Section: Privatization Theorymentioning

confidence: 99%

Rethinking maritime privatization in Africa

Iheduru

1993

Maritime Policy & Management

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“…Yet gains in efficiency are more likely to result from an increase in market competition than from a change in ownership (Cook and Kirkpatrick 1988;Van de Walle 1989). Accordingly, if the principal objective of liberalization is to increase economic efficiency, the policy priority must be to increase competition.…”

Section: Theoretical Perspectives On Liberalizationmentioning

confidence: 99%

The State and Liberalization: The Airline Industry in the East Asian NICs

Bowen

Leinbach

1995

Annals of the Association of American Geographers

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This study of airline liberalization in South Korea, Taiwan, Hong Kong, the Philippines, Thailand, Malaysia, Singapore, and Indonesia examines the evolving relationships between states and carriers. The airline industry of East Asia has been an arena for significant liberalization initiatives in the last decade. State‐owned carriers have been privatized; new carriers have been allowed to enter domestic and international markets; and government controls over such dimensions of airline competition as equipment choice, fares, and route selection have been eased. Yet, the state remains deeply engaged in the airline industry. Indeed, the most striking feature of airline liberalization in the region is its incompleteness. States have, for example, stopped short of relinquishing ultimate control of flag carriers to the private sector. The liberalization process has been influenced by a variety of factors. Among these are the size and growth of markets, the need to improve the competitiveness of state‐owned carriers, the political environment, and the relationship of the airline industry to economic development. For the capitalist developmental states in these newly industrializing countries (NICs), the airline industry's contribution to economic development is of paramount importance. Given the importance of this industry, the region's governments have sought to balance the risks and benefits of liberalization via policies that are selective, incremental, pragmatic, and deliberative.

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“…A common policy was large scale privatization of public enterprises. This divestiture was an attempt to reverse policies of the 1960s and 1970s when policy makers bad emphasized direct state intervention to try and correct perceived failures in private markets (van de Walle, 1989). The arguments for privatization are well known in terms of its impact on economic efficiency and national output since private firms are assumed to be more efficient than public enterprises (Goodman, 1985;Hanke, 1987;Butler, 1985).…”

Section: Introductionmentioning

confidence: 99%

Privatization of Public Sector Enterprises in Pakistan: Prospects for Reducing Regional Imbalances*

Looney

Frederiksen

1995

Rev Urban & Reg Develop

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This paper tests the somewhat counterintuitive hypothesis that public firms are more efficient than their private sector counterparts. A factor analysis (9 industrial groups/34 industries) indicated that for all Pakistani provinces, public enterprises contributed relatively more value added which supports the findings of Naqvi and Kamal. The paper also concludes that a policy to reduce Pakistan's regional income disparities by privatizing public enterprises would likely be ineffective.

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Privatization in developing countries: a review of the issues

Cited by 110 publications

References 31 publications

Rethinking maritime privatization in Africa

Rethinking maritime privatization in Africa

The State and Liberalization: The Airline Industry in the East Asian NICs

Privatization of Public Sector Enterprises in Pakistan: Prospects for Reducing Regional Imbalances*

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