The case for privatization, whether defined in a broad or narrow sense, has been forcefully made by its advocates against the backdrop of the much advertised poor performances of state-owned enterprises (SOEs) and theoretical arguments relating to the efficiency of private firms over public enterprises. Consequently, privatization and commercialization have been key components of the structural adjustment programmes foisted by the Bretton Woods institutions on Third World countries. Yet, the empirical findings on privatization, especially outside Africa where they exist, do not portray the str
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The case for privatization, whether defined in a broad or narrow sense, has been forcefully made by its advocates against the backdrop of the much advertised poor performances of state-owned enterprises (SOEs) and theoretical arguments relating to the efficiency of private firms over public enterprises. ... In spite of this, since the late 1980s, privatization has been stepped up in almost all African countries. And after about two decades of vigorous implementation of privatization programmes in Africa, there is a compelling need for a comprehensive and systematic analysis of various privatization issues, particularly the economic and social impact. This book thus establishes a clear case for a comprehensive and systematic analysis of the impact of privatization in Africa. Specifically, the book provides a state-of-the art review of privatization issues and research questions as a prelude to an in-depth study of the economic and social impact of privatization. In the light of the rich insights brought to bear on the issues, this book should stimulate the interest of researchers, donors and policy makers to undertake or support the follow-up in-depth research envisaged.
Nicht nur der Ausbau der Infrastruktur und der Aufbau industrieller Produktionsstätten, sondern ebenso die - bislang fehlende - freie Konvertibilität der Währungen können den Warenverkehr innerhalb der ECOWAS ankurbeln. (DÜI-Spe)
AbstractIn the late 1990s and at the early path of this century, most African economies embraced poverty reduction strategy papers (PRSPs) as a policy prescription out of the poverty abyss into which their economies had sunk since the early 1970s. The results from the first generation of PRSP processes have been encouraging and have acted as a stimulus for the second generation PRSPs. However, capacity constraints have tended to create difficulties for many of these countries, slowdown the pace of implementation of the PRSP, as well as undermine the achievement of objectives. This study, focusing on a sample of countries in Africa, attempts to identify and characterise the nature of capacity building constraints in the formulation and implementation of PRSPs and suggests capacity building efforts for dealing with these constraints. Four major areas of capacity constraints were identified: capacity for poverty and social impact analysis, monitoring and evaluation, absorptive capacity, public expenditure management, and constraints on prioritisation. Given funding constraints, the paper concludes by prioritising areas of capacity building interventions by capacity building institutions and donors in a bid to strengthen capacity building in Africa.
Nigeria has instituted an adjustment program designed to fit the standard International Monetary Fund(IMF)-World Bank structural adjustment package, including reduction of the public sector borrowing requirement through reducing or eliminating consumer subsidies & other social expenditures, higher interest rates, & exchange rates flexibility. Elements of the theoretical content of adjustment programs are explored, & it is argued that Nigeria's program is aimed at dismantling the state capitalist model of accumulation & strengthening & entrenching the capitalist accumulating fraction of the domestic bourgeoisie in collaboration with imperialism. In many developing countries, including Nigeria, conditions for the efficient functioning of the free market do not exist. A Marxian alternative model of structural adjustment is presented & its implications briefly sketched. The theoretical underpinning of the IMF-World Bank approach is seen as essentially monetarist within the neoclassical framework; its declared objective of self-reliant development could not be realized in Nigeria because the existing production & technological structure & power structure & relations are being left intact. Only through a socialist transformation of the development process can the people's basic needs be met. 2 Photographs, 28 References. F. S. J. Ledgister
This book is a collection of papers presented at a two-day national seminar, organised by the Nigerian Institute of International Affairs between October 26-27, 1993. It brought together scholars, researchers, policy makers and bankers who discussed the challenges confronting regional economic integration from a Nigerian viewpoint. (DÜI-Hff)