Privatization of Parastatals

Privatization of Parastatals PDF

Author: George Bryan Samah

Publisher:

Published: 2007

Total Pages: 86

ISBN-13: 9781425982133

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In the pursuit of policies and approaches that would sustain and accelerate economic development after the declared departure of colonial powers, African governments set up parastatals to serve as conduit for economic development through which governments could deliver services to the general populace. However, there is evidence that most parastatals do not utilize resources efficiently; instead, they impose heavy burdens on public resources and distort their use in the economy. Given the shortcomings of parastatals, in the 1980s, the World Bank, the International Monetary Fund (IMF), USAID, and other international donor agencies came to Africa with a philosophy of privatization. These multi-national corporations and donor agencies discretely advocated the overhauling of parastatals but the suggested processes and methods to this end were vague. Nonetheless, the arm-twisting strategies of multi-national corporations and international donors forced African governments to succumb to the philosophy of privatization. Unfortunately, in general, the philosophy, policies and practices of privatization operated to the economic detriment of African countries. Thus, as pursued in this text, it is actively compelling that the process of privatization be examined critically, considering advantages and disadvantages as well as the economic profitability for countries in sub-Saharan Africa.

The Politics of Patronage in Africa

The Politics of Patronage in Africa PDF

Author: Roger K. Tangri

Publisher: Africa World Press

Published: 1999

Total Pages: 182

ISBN-13: 9780865437470

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This is a survey of the influence of political factors on economic performance throughout Africa with case studies drawn from Ghana, Zambia and Uganda. It is a comparative study of the difficulties in developing a private enterprise economy.

The Privatized State

The Privatized State PDF

Author: Chiara Cordelli

Publisher: Princeton University Press

Published: 2020-11-24

Total Pages: 356

ISBN-13: 0691205752

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Why government outsourcing of public powers is making us less free Many governmental functions today—from the management of prisons and welfare offices to warfare and financial regulation—are outsourced to private entities. Education and health care are funded in part through private philanthropy rather than taxation. Can a privatized government rule legitimately? The Privatized State argues that it cannot. In this boldly provocative book, Chiara Cordelli argues that privatization constitutes a regression to a precivil condition—what philosophers centuries ago called "a state of nature." Developing a compelling case for the democratic state and its administrative apparatus, she shows how privatization reproduces the very same defects that Enlightenment thinkers attributed to the precivil condition, and which only properly constituted political institutions can overcome—defects such as provisional justice, undue dependence, and unfreedom. Cordelli advocates for constitutional limits on privatization and a more democratic system of public administration, and lays out the central responsibilities of private actors in contexts where governance is already extensively privatized. Charting a way forward, she presents a new conceptual account of political representation and novel philosophical theories of democratic authority and legitimate lawmaking. The Privatized State shows how privatization undermines the very reason political institutions exist in the first place, and advocates for a new way of administering public affairs that is more democratic and just.

The Challenges of Privatization

The Challenges of Privatization PDF

Author: Bernardo Bortolotti

Publisher: Oxford University Press on Demand

Published: 2004-03-11

Total Pages: 171

ISBN-13: 0199249342

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From 1997 to 2001, more than 4,000 privatization operations have been carried out in more than 100 countries, bringing in government revenues of over 1,362 billion dollars. The phenomenon, which grew exponentially at the end of the 1990s and then abruptly slowed down, had dramatic consequences on the performance of state-owned enterprises and a significant impact on industrialized countries, as well as emerging and less developed economies. Yet there have been surprisingly fewattempts to provide a systematic empirical account of the privatization process at the worldwide level.Why do governments privatize? Why do some countries accomplish large-scale privatization programmes, and others never privatize at all? Is privatization a trend or a cycle? Furthermore, how do governments privatize? Do governments really transfer ownership and control of state-owned enterprises or does private ownership tend to coexist with public control?This book provides some answers to these important questions trying to test research hypotheses set forth by the recent economic theory of privatization.Comprehensive cross-country empirical analyses carried out over a period of more than twenty years are used in the book to show that privatization has taken place all over the world, sometimes spontaneously, more often under the pressure of economic and budgetary constraints. Several of the goals of the privatization have been met, but despite proclamations and programmes, only a small minority of countries has carried out a genuine privatization process, completely transferring ownership ofstate-owned enterprises to the private sector. A lack of political will is to some extent at the root of this reluctance. However this reluctance can be traced back partly to structural factors that would make an orderly privatization difficult, such as the absence of developed capital markets,appropriate regulation, and suitable institutions.

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