Public Sector Decentralization: Economic Policy and Sector Investment Programs, Volumes 23-188Privatization can make governments more efficient, encourage investment, and create new growth and employment. Such economic benefits help free public resources for infrastructure improvements and social programs. This paper reviews the ways in which countries with state-owned enterprises (SOEs) privatized such enterprises. It shows why SOEs usually perform more efficiently when they become private enterprises and why the privatization process can work well, even in poor countries. The authors review the Bank Group's involvement in privatization efforts in developing countries. They examine the economic and social reasons why such countries chose to privatize their SOEs. Citing cases from industrial and developing countries, the study discusses the many benefits privatization has provided. Among these benefits are improved domestic welfare, faster growth, and greater cost containment. Two major factors that affect the success of privatization are analyzed: 1) the market into which the enterprise will be divested; 2) the country's economic environment, such as national economic policies and regulations affecting private enterprise. The report provides governments with guidelines for privatizing SOEs. These recommendations include financing, preparing for a sale, pricing and valuation, and managing a transaction successfully. In addition, the authors survey new methods being used by countries in Eastern Europe and in Central Asia to privatize their SOEs. |
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Administration alternative decentralization arrangements assigned authority Bangladesh Botswana budget capacity central government Colombia decentralization decentralization issues Decentralization Policies decentralized systems decisions deconcentrated delegated Dennis Rondinelli Developing Countries devolved economic development economic management functions efficient and effective Elinor Ostrom ERPs established Finance fiscal forms of decentralization Francistown Ghana impact improve incentives India Indonesia Integrated Intergovernmental International Jakarta Kenya Korea Larry Schroeder LDCs levels of government macroeconomic maintenance Mamadou Dia mimeo Washington municipalities Nigeria objectives operations organizations P.O. Box parastatals Participation performance personnel planning political PPR Working Paper principal agency priorities private sector project implementation public expenditure public sector public sector employment reform Region responsibilities revenue role Ronald Johnson Rural Development sector investment sector ministries share specific staff staffing structures Sub-Saharan Africa subnational governments subnational levels Susan Wynne sustainability Tanzania technical transfers units University Press Urban World Bank World Bank Estimates Zaire Zambia
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Page 68 - Angola Benin Botswana Burkina Faso Burundi Cameroon Cape Verde Central African Republic Chad Comoros Congo, Dem.
Page 52 - A Pure Theory of Local Expenditures," Journal of Political Economy, vol. 64 (1956), pp.
Page 51 - Vincent Ostrom, Robert Bish, and Elinor Ostrom, Local Government in the United States (San Francisco: ICS Press, 1988). 41 . Caroline Hoxby "Does Competition Among Public Schools Benefit Students and Taxpayers...
Page 52 - Hernando de Soto, The Other Path: The Invisible Revolution in the Third World (New York: Harper...
Page 1 - ... responsibility without reference back to the authorizing government. This includes financial power as well as the authority to design and execute local development projects and programs (UNDP, 1993). The essence of devolution is discretionary authority. To the extent that lower levels of government have discretionary authority, they can do essentially what they decide to do subject only to broad policy guidelines; their own financial, human, and material capacities; and the physical environment...
Page 68 - Tome and Principe, Senegal, Seychelles, Sierra Leone, Somalia, Sudan, Swaziland, Tanzania, Togo, Uganda, Zaire, Zambia...
Page 69 - Belize, Bolivia, Brazil, Chile, Colombia, Costa Rica, Ecuador, El Salvador, Guatemala, Guyana, Haiti, Honduras, Jamaica, Mexico, Nicaragua, Panama, Paraguay, Peru, Dominican Republic, Suriname, Trinidad and Tobago, Uruguay and Venezuela.
Page 1 - However, it is the most common form of decentralization employed in the agriculture services, primary education, preventive health, and population subsectors (Silverman 1992). In Botswana, for example, the central government has created and supervises district councils as well as a national Rural Development Council for the coordination and implementation of, among other things, rural development activities such as drought relief measures and agricultural...
Page 2 - In this situation, various levels of governments or parastatals act as agents of lower levels of government or directly as agents of the consuming public. The source of the discretionary authority is reversed (Silverman 1992). Consequently, a local authority department may contract with a local or central government for the provision of a public good or service with payment being made by the local authority, for example. As is the...