Privatization in Developing Countries : What Are the Lessons of Recent Experience?

This paper reviews the recent empirical evidence on privatization in developing countries, with particular emphasis on new areas of research such as the distributional impacts of privatization. Overall, the literature now reflects a more cautious and nuanced evaluation of privatization. Thus, privat...

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Main Authors:	Estrin, Saul, Pelletier, Adeline
Format:	Journal Article
Published:	Published by Oxford University Press on behalf of the World Bank 2019
Subjects:	PRIVATIZATION DISTRIBUTIONAL IMPACT REGULATORY FRAMEWORK PUBLIC SECTOR REFORM PUBLIC POLICY
Online Access:	http://hdl.handle.net/10986/32175

id	okr-10986-32175
recordtype	oai_dc
spelling	okr-10986-321752021-05-25T10:54:42Z Privatization in Developing Countries : What Are the Lessons of Recent Experience? Estrin, Saul Pelletier, Adeline PRIVATIZATION DISTRIBUTIONAL IMPACT REGULATORY FRAMEWORK PUBLIC SECTOR REFORM PUBLIC POLICY This paper reviews the recent empirical evidence on privatization in developing countries, with particular emphasis on new areas of research such as the distributional impacts of privatization. Overall, the literature now reflects a more cautious and nuanced evaluation of privatization. Thus, private ownership alone is no longer argued to automatically generate economic gains in developing economies; pre-conditions (especially the regulatory infrastructure) and an appropriate process of privatization are important for attaining a positive impact. These comprise a list which is often challenging in developing countries: well-designed and sequenced reforms; the implementation of complementary policies; the creation of regulatory capacity; attention to poverty and social impacts; and strong public communication. Even so, the studies do identify the scope for efficiency-enhancing privatization that also promotes equity in developing countries. 2019-08-05T19:48:29Z 2019-08-05T19:48:29Z 2018-02-01 Journal Article World Bank Research Observer 1564-6971 http://hdl.handle.net/10986/32175 CC BY-NC-ND 3.0 IGO http://creativecommons.org/licenses/by-nc-nd/3.0/igo World Bank Published by Oxford University Press on behalf of the World Bank Publications & Research :: Journal Article Publications & Research Africa East Asia and Pacific Europe and Central Asia Latin America & Caribbean Middle East and North Africa South Asia China
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
topic	PRIVATIZATION DISTRIBUTIONAL IMPACT REGULATORY FRAMEWORK PUBLIC SECTOR REFORM PUBLIC POLICY
spellingShingle	PRIVATIZATION DISTRIBUTIONAL IMPACT REGULATORY FRAMEWORK PUBLIC SECTOR REFORM PUBLIC POLICY Estrin, Saul Pelletier, Adeline Privatization in Developing Countries : What Are the Lessons of Recent Experience?
geographic_facet	Africa East Asia and Pacific Europe and Central Asia Latin America & Caribbean Middle East and North Africa South Asia China
description	This paper reviews the recent empirical evidence on privatization in developing countries, with particular emphasis on new areas of research such as the distributional impacts of privatization. Overall, the literature now reflects a more cautious and nuanced evaluation of privatization. Thus, private ownership alone is no longer argued to automatically generate economic gains in developing economies; pre-conditions (especially the regulatory infrastructure) and an appropriate process of privatization are important for attaining a positive impact. These comprise a list which is often challenging in developing countries: well-designed and sequenced reforms; the implementation of complementary policies; the creation of regulatory capacity; attention to poverty and social impacts; and strong public communication. Even so, the studies do identify the scope for efficiency-enhancing privatization that also promotes equity in developing countries.
format	Journal Article
author	Estrin, Saul Pelletier, Adeline
author_facet	Estrin, Saul Pelletier, Adeline
author_sort	Estrin, Saul
title	Privatization in Developing Countries : What Are the Lessons of Recent Experience?
title_short	Privatization in Developing Countries : What Are the Lessons of Recent Experience?
title_full	Privatization in Developing Countries : What Are the Lessons of Recent Experience?
title_fullStr	Privatization in Developing Countries : What Are the Lessons of Recent Experience?
title_full_unstemmed	Privatization in Developing Countries : What Are the Lessons of Recent Experience?
title_sort	privatization in developing countries : what are the lessons of recent experience?
publisher	Published by Oxford University Press on behalf of the World Bank
publishDate	2019
url	http://hdl.handle.net/10986/32175
_version_	1764475959831953408

Privatization in Developing Countries : What Are the Lessons of Recent Experience?

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