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The Need for a New Theory of Economic Reform

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Author Info
Carolyn Currie (School of Finance and Economics, University of Technology, Sydney)

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Abstract

The recent debate between Dabrowski, Gomulka and Rostowski, (2001) and Stiglitz and Ellerman (2001) as to key fators determining the success or failure of policies of liberalisation and privatization, illustrates the need for a concise theoretical foundation as to how, when and where policies that change underlying economic structures can be applied. This paper outlines such a model, which is based on the perception of gradations in the process of development, and that the introduction of new ownership structures, market mechanisms and financing techniques are not necessarily solutions without providing for changes in economic, societal and legal infrastructures.

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File URL: http://www.business.uts.edu.au/finance/research/wpapers/wp131.pdf
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Paper provided by School of Finance and Economics, University of Technology, Sydney in its series Working Paper Series with number 131.

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Date of creation: 01 Oct 2003
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Handle: RePEc:uts:wpaper:131

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Related research
Keywords: privatizations; public private partnerships; economic reform;

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Find related papers by JEL classification:
G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance
L33 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Boundaries of Public and Private Enterprise; Privatization; Contracting Out
P11 - Economic Systems - - Capitalist Systems - - - Planning, Coordination, and Reform
P52 - Economic Systems - - Comparative Economic Systems - - - Comparative Studies of Particular Economies

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  1. James Stanfield & Michael Carroll, 2009. "The Social Economics of Neoliberal Globalization," Forum for Social Economics, Springer, vol. 38(1), pages 1-18, April. [Downloadable!] (restricted)
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