When Government Fails, Will the Market Do Better? The Privatization/Market Liberalization Movement in Developing Countries

Lesser, Barry

doi:10.1080/02255189.1991.9669427

Cited by 4 publications

(1 citation statement)

References 13 publications

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“…According to this view, state-owned enterprises (SOEs) introduce distortions in the allocation and use of resources by setting objectives which are in conflict with one another; these objectives lead to counter-productive results and unintended side-effects, that is, a particular policy having the opposite effect to what was intended; SOEs establish unrealistic objectives (e.g. creating an SOE to establish a viable domestic presence in an industry in which the country has no comparative advantage); and SOEs embark on inappropriate policies or practices for achieving objectives [19,9,10]. These practices distort the 'allocative efficiency' of the public sector [lo], while their absence from private business practice ensures that the latter is capable of allocating resources more efficiently.…”

Section: Privatization Theorymentioning

confidence: 99%

Rethinking maritime privatization in Africa

Iheduru

1993

Maritime Policy & Management

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While recognizing the need for increased participation of the private sector in the maritime industry of developing countries, there is a need to go beyond the call for privatization in terms of mere change of ownership from state to private sector as the only solution to the inefficiency of the maritime industry in developing countries. This limited understanding of the maritime problems of these countries abounds in the literature on maritime privatization. This study departs from this approach and focuses on the political economy of the maritime industry, and suggests that maritime privatization will not necessarily result in increased efficiency of the divested maritime enterprises. Rather, it argues that maritime problems in these countries have less to do with ownership than with the structural constraints in world shipping together with internal management and local ~olitics. The maritime industrv in West and Central Africa is used as a case studv. . . and recommendations such as selective privatization, 'programme contract', and most importantly, corporatization, are suggested as alternative strategies that could enhance maritime privatization and the development of the maritime industry in developing countries.

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Section: Privatization Theorymentioning

confidence: 99%

Rethinking maritime privatization in Africa

Iheduru

1993

Maritime Policy & Management

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New directions in the political economy of development

Rapley

1994

Review of African Political Economy

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This article underlines the changing balance of paradigms over the last decade and argues that the critique of neo‐classical theory is gaining new life. What is emerging, though, is a subtler and more sophisticated view of the state than the traditional state‐market dichotomy allowed for. It situates the recent African experience within a wider international context and reviews the different roles played by the state in encouraging or discouraging development.

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The “public body” enquiry in WTO disputes: implications for partial privatization

Tan¹

2022

JITLP

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Purpose This paper aims to question the “conventional” privatization of State-owned enterprises (SOEs) and to propose the neutral position adopted by the Dispute Settlement Body (DSB) to reconcile the divergent views within the World Trade Organization (WTO) regime. Design/methodology/approach China’s partially privatized SOEs have raised numerous attention in WTO disputes regarding whether China's way of social and economic reform is consistent with its accession commitments and with WTO rules, in particular subsidy rules. Instead of providing a definite legal standard applicable to the “public body” enquiry, the DSB adopts the neutral position to reconcile the divergent views between developed and developing countries on whether not fully privatized SOEs constitute “public body.” Findings Albeit with interpretative vagueness, the value of DSB’s neutral position lies in its adequacy: first, the adequacy to address the complexity of SOE privatizations in developing countries; second, the adequacy to engage relevant parties to maintain the multilateral trading system; and third, not to impose specific impact on justification of countervailing duties. Originality/value This paper captures the recent developments in “public body” enquiry and calls for a compromised approach to maintain the WTO-like multilateral trade regime and to allow for more policy spaces for developing countries that best fit their unique circumstances and needs. It sees new and significant information, in the sense that the paper aims to present why China’s partial privatization benefits from the WTO “neutrality” on the subject.

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When Government Fails, Will the Market Do Better? The Privatization/Market Liberalization Movement in Developing Countries

Cited by 4 publications

References 13 publications

Rethinking maritime privatization in Africa

Rethinking maritime privatization in Africa

New directions in the political economy of development

The “public body” enquiry in WTO disputes: implications for partial privatization

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