Privatization : Trends And Recent Developments

Kikeri, Sunita; Kolo, Aishetu

doi:10.1596/1813-9450-3765

Cited by 47 publications

(29 citation statements)

References 9 publications

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“…Unfortunately, this prolonged transition period has not been evaluated as favourable by EBRD, since the reforms of enterprises for the period 2003-2007, made an insufficient improvement from 2 to 2.3 points (EBRD, 2010). As stated in the research results of some authors (Kikeri & Kolo, 2005) who deal with transition and post-transition issues, privatization dropped off after 1997. However, this has not been the case for Serbia.…”

Section: Introductionmentioning

confidence: 91%

The female labour force in an urban economy during transition: A view from the City of Nis

Stanković

Makojević

Janković–Milić

et al. 2015

Cities

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Section: Introductionmentioning

confidence: 91%

The female labour force in an urban economy during transition: A view from the City of Nis

Stanković

Makojević

Janković–Milić

et al. 2015

Cities

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“…Despite progress, governments' economic role remains large in the region. The private sector accounts on average for less than 50 percent of GDP in the region, while the public sector (including state enterprises) is estimated to account for more than a third of formal employment compared with 18 percent worldwide excluding China [26].…”

Section: Privatization In Menamentioning

confidence: 99%

The Political Economy of SOE Privatization and Governance Reform in the MENA Region

Akoum

2012

ISRN Economics

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The purpose of this paper is to shed light on the political economy aspects of state-owned-enterprises (SOEs) governance and privatization in the Middle East and North Africa (MENA) region. In particular, the paper presents an overview of privatization in the region and examines the extent to which SOEs operate at arm's length from the public sector and the motives for this behavior. Showing empirically the region's relative reticence on privatizing public assets, the paper highlights the political economy aspects contributing to this impasse, offers Lebanon as a case study, and suggests a policy framework for successful reform of SOEs. Highlighting the lack of sustainable drives for SOEs reform and privatization in the region and the need for better governance systems based on the rule of law, property rights protection, and combating corruption, the paper proposes policy options to deal with privatization and improve the governance of SOEs through advocating a state-owned enterprise governance framework. This framework suggests subjecting SOEs to regulation and supervision of more than one government entity as opposed to only one ministry of custody. This should help to ensure a level-playing field in the industry and reduce the pressure on SOEs to heed to political pressures.

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“…After the peak in 1997, revenues declined partly following the East Asian financial crisis and the Russian debt crisis of 1998. The recent resurgence of the process in developing countries results from increased privatization activity in China and several Eastern European countries (Kikeri, 2005).…”

Section: Introductionmentioning

confidence: 99%

From Government to Regulatory Governance: Privatization and the Residual Role of the State

Bortolotti¹,

Perotti

2007

The World Bank Research Observer

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Terms of use: Documents in From Government to Regulatory Governance: Privatization and the Residual Role of the State SummaryThis paper reviews the state of thinking on the governance role of public ownership and control. We argue that the transfer of operational control over productive assets to the private sector represents the most desirable governance, due to the inherent difficulty for citizens to constrain political abuse relative to the ability of governments to regulate private activity. However in weak institutional environments the process needs to be structured so as to avoid capture of the regulatory process. The speed of transfer should be timed on the progress in developing a strong regulatory governance system, to which certain residual rights of intervention must be vested. After all, what are "institutions" if not governance mechanisms with some degree of autonomy from both political and private interests? The gradual creation of institutions partially autonomous from political power must become central to the development of an optimal mode of regulatory governance. We advance some suggestions about creating accountability in regulatory governance, in particular creating an internal control system based on a rotating board representative of users, producers and civil society, to be elected by a process involving frequent reporting and disclosure.

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Privatization : Trends And Recent Developments

Cited by 47 publications

References 9 publications

The female labour force in an urban economy during transition: A view from the City of Nis

The female labour force in an urban economy during transition: A view from the City of Nis

The Political Economy of SOE Privatization and Governance Reform in the MENA Region

From Government to Regulatory Governance: Privatization and the Residual Role of the State

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