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Beyond Bureaucrats in Business: a critical review of the World Bank approach to privatization and public sector reform

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  • Kate Bayliss

    (Department of Economics, SOAS, University of London, London, UK)

  • Ben Fine

    (Department of Economics, SOAS, University of London, London, UK)

Abstract

This paper provides a critical review of the World Bank Policy Research Report, Bureaucrats in Business, commenting on its position relative to the previous reports in the series and on the new privatization synthesis-the theoretical basis underlying the Bank's approach. The detailed critique focusses on three main areas of the Report: the narrow analytical framework which inevitably supports predetermined conclusions; the selective and biased use of evidence which ignores possible alternative interpretations-particularly the influence of country-specific factors; and the narrow view of industrial policy which leads to inappropriate policy prescriptions. Copyright © 1998 John Wiley & Sons, Ltd.

Suggested Citation

  • Kate Bayliss & Ben Fine, 1998. "Beyond Bureaucrats in Business: a critical review of the World Bank approach to privatization and public sector reform," Journal of International Development, John Wiley & Sons, Ltd., vol. 10(7), pages 841-855.
    • Handle: RePEc:wly:jintdv:v:10:y:1998:i:7:p:841-855
    DOI: 10.1002/(SICI)1099-1328(1998110)10:7<841::AID-JID546>3.0.CO;2-N
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    References listed on IDEAS

    as
    1. Ravi Ramamurti, 1992. "Why are Developing Countries Privatizing?," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 23(2), pages 225-249, June.
    2. John Vickers & George Yarrow, 1988. "Privatization: An Economic Analysis," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262720116, December.
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    Cited by:

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