Privatization, Decentralization, Participation and Development

Osama J. A. R. Abu Shair
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Osama J. A. R. Abu Shair: University of Salford

Chapter 5 in Privatization and Development, 1997, pp 92-124 from Palgrave Macmillan

Abstract: Abstract Privatization is often described as the transfer of state assets and/or control (partial or full) to the private sector. The implication for development is derived from the belief that private ownership or control brings greater economic efficiency, more innovation, improved responsiveness to consumer demands, and wider choice for individuals (i.e. shares, goods). The argument of maximizing profits also implies increased savings and greater investment, which in their turn produce rapid growth and higher incomes, both symbols of development. This approach can be called an ‘income-centred’ approach to development.

Keywords: Informal Sector; United Nations Development Programme; Capability Approach; User Charge; Human Development Report (search for similar items in EconPapers)
Date: 1997
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-25374-6_5

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DOI: 10.1007/978-1-349-25374-6_5

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