Policy Issues on Privatization
Asian Development Bank Institute | November 1999
Privatization is grounded on the changing role of governments in the economic development process. The rationale for privatization emanated from the experience that state-owned enterprises (SOEs) could not live up to their development expectations in many countries. Governments increasingly recognized the need to get out of economic activities that competitive markets could do better, and instead have been focusing more attention on creating an enabling environment for private sector growth. Privatization is vital for long-term development of the private sector, development of local capital markets and financing institutions, fostering an enabling environment that facilitates private initiatives and rewards risk-taking, enhancing dynamic as well as static efficiency in the economy, improving fiscal balances, and may promote democratization through the devolution of power.
CitationAsian Development Bank Institute. 1999. Policy Issues on Privatization. © Asian Development Bank Institute. http://hdl.handle.net/11540/6560.
Financial & Private Sector Development
Private Sector Investments
Private Sector Participation
Private Sector Projects
Public Sector Infrastructure
Public Sector Management
Public Sector Projects
Central local government relations
Decentralization in government
Intergovernmental fiscal relations
Investment of public funds
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