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POLICY ARENA: Privatization, Public Enterprise Reform and the World Bank: Has 'Bureaucrats in Business' Got It Right?

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  • Paul Cook

    (Institute for Development Policy and Management, University of Manchester, UK)

Abstract

The World Bank has recently produced a spate of reports dealing with public enterprise reform and privatization. The latest is entitled Bureaucrats in Business. The underlying message that continues to emerge from these reports places emphasis on privatization as the preferred policy option. This conclusion emanates from the Bank's theoretical perspective, which seeks economic and political explanations for the superiority of private, over public, ownership and from the results of recent empirical analysis. This paper reviews and challenges the underlying assumptions made by the Bank in its theoretical work and questions the conclusions that can be derived from the Bank's empirical analysis. © 1997 John Wiley & Sons, Ltd.

Suggested Citation

  • Paul Cook, 1997. "POLICY ARENA: Privatization, Public Enterprise Reform and the World Bank: Has 'Bureaucrats in Business' Got It Right?," Journal of International Development, John Wiley & Sons, Ltd., vol. 9(6), pages 887-897.
    • Handle: RePEc:wly:jintdv:v:9:y:1997:i:6:p:887-897
    DOI: 10.1002/(SICI)1099-1328(199709)9:6<887::AID-JID491>3.0.CO;2-6
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    References listed on IDEAS

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    1. Robert J. Barro, 1991. "Economic Growth in a Cross Section of Countries," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 106(2), pages 407-443.
    2. David HEALD, 1992. "How Much Privatization Should There Be In Developing Countries?," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 63(2), pages 229-269, April.
    3. Fischer, Stanley, 1993. "The role of macroeconomic factors in growth," Journal of Monetary Economics, Elsevier, vol. 32(3), pages 485-512, December.
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    Cited by:

    1. Worku, Gebeyehu, 2005. "Has Privatization promoted Efficiency in Ethiopia?: A comparative Analysis Of Privatized Industries vis-a vis State Owned and other private Industrial Establishments," Ethiopian Journal of Economics, Ethiopian Economics Association, vol. 9(2), pages 132-132, May.

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