The issue of State owned enterprises, or Public enterprises, versus Privatised enterprises have been topic of controversy in the economic development in developing in past decades. According to Van de Walle (1989, p. 601), privatization can be defined as “a transfer of ownership and control from the public to the private sector, with particular reference to asset sales”1. In the analysis of whether there has been an increase in efficiency of privatization of State owned enterprises in developing nations a distinction must be made between the effects of privatization and liberalization; however the economic reform often goes hand-in-hand with each other. According to Van de Walle (1989, p. 601), liberalization can be defined as “a change in the relative prices operating in the economy”2. A board generalization can be made that most current developing nations are nations that have gained independence from colonial rule in the past 150 years. Nellis and Kikeri (1989) proposed that those nations that gained independence from colonial rule tended to inherit a public enterprise sector. This resulted in established and, relative to the rest of the nation, technologically advantaged pivotal industries that were commonly developed through direct colonial investment and exploitation of the indigenous pollution. An example of this would be the South African Post Office, which would later spawn the telecommunications giant Telkom, which was established during the British colonial rule of South Africa. In developed nations, such as those in Europe, the expansion of public enterprises came as a result of increased socialization and nationalization after World War II. This was supported until the 1980’s as there was a tendency...
... middle of paper ...
...nvestment Case – Telkom SA Ltd. Retrieved 26th May, 2014, from http://www.moneyweb.co.za/moneyweb-101-for-beginners/the-investment-case--telkom-sa-ltd
Cook, P & Uchida, Y. (2003). and Economic Growth in Developing Countries. The Journal of Development Studies, 39(6), 121-154
Fourie, D. The Restructuring of State-Owned Enterprises: South African Initiatives. Asian Journal of Public Administration, 205-216.
Nellis, N. & Kikeri, S. (1989). Public Enterprise Reform: Privatization and the World Bank. World Development, 17(5), 659-672.
Parker, D. & Kirkpatrick, C. (2005). in Developing Countries: A Review of the Evidence and the Policy Lessons. The Journal of Development Studies, 41(4), 513-541.
Van de Walle, N. (1989). Privatization in Developing Countries: A Review of the Issues. World Development, 17(5), 601-615.
Need Writing Help?
Get feedback on grammar, clarity, concision and logic instantly.Check your paper »
- Some may argue that gas is an environmental miscue. Gas is fill with many chemicals that is harmful to us humans, and to our natural substance. Gas is one of our main sources of energy that we use in everyday life. Our vehicle runs off gas, which causes a major problem for our o-zone. Fuel exhaust causes pollution, which is harmful to the air that we breathe in. We as Americans are in at war because of gas. The United States is in need of more oil, because we are running so low. Why is gas such a main factor in today’s society.... [tags: Fuel Efficiency, automobiles, USA,]
1032 words (2.9 pages)
- Introduction According to Mondy (2008), “Recruitment is the process of attracting individuals on a timely basis, in sufficient numbers, and with appropriate qualifications to apply for jobs with an organization” (p.110). With organizations realizing their turnover rates, employee recruitment efforts have – of late – been a top priority for human resources (HR) departments. These efforts are key in job performance and the overall effectiveness and efficiency of an organization. The recruitment strategy implemented should be well thought out and organized in order to attract top performers.... [tags: human, efficiency, effectiveness, organization]
966 words (2.8 pages)
- Since the existence of stock markets, people tried to formulate models that reflect and deal as a guideline to understand how markets function. The concept of market efficiency is a major and broadly accepted hypothesis that mainly developed since the formulation of the market efficiency hypothesis by Eugene Fama, in 1970. Although the term market efficiency to economists is also a broadly known term referring to operational efficiency, this paper concentrates on the efficiency of stock markets or to be more precise the informational efficiency of the stock market.... [tags: market efficiency, stock market, eugene fama]
1636 words (4.7 pages)
- One of the biggest reasons that population is high in developing nations is the absence of family planning. Many, if not most of the developing countries have a great quantity of their populace who are uneducated, are living in poverty, and have very little if any information on family planning. More often than not parents from developing nations are trying to marry off their young children to proliferate their chances of creating more children. There are many reasons that the cultures/religions in these developing nations believe that women should have many babies and at a young age.... [tags: United Nations, Developing country]
720 words (2.1 pages)
- How Dimensional leverages market efficiency xxxxxx xxxxxx University of the People Word count Abstract In this paper, we review and explore how the financial services firm Dimensional, leverages market efficiency to their advantage, to their clients’ advantage and to the market overall. How Dimensional leverages market efficiency Dimensional, a global investment corporation with 12 offices and a portfolio of $415 Billion dollars to manage on behalf of their investors. The Father of modern finance on market efficiency, Eugene Fama, is also one of the key people behind Dimensional.... [tags: Investment, Finance, Economic efficiency]
783 words (2.2 pages)
- Globalisation is beneficial for developing countries. Do you agree. Shuman (2016 pp.1-3) states that, the World Bank estimated that there is a substantial increase of international migrant of 251 million last year and about 38 percent of the population moved to developing country to another by the year 2013. Globalisation is a complex term for describing events that are happening all over the world. It indicates developing countries have been established its connection socially, politically and economically.... [tags: Health care, Medicine, Developing country]
732 words (2.1 pages)
- The Concept of Efficiency This article aims to give an analysis of the concept of efficiency. The importance of such an analysis lies in the fact that the role which efficiency plays in different sectors of our society leads to opposite evaluations resulting in a clash of opinions concerning this role. In order to clarify this situation, I first trace the historical roots of the concept. This brief historical reconnaissance shows that ‘efficiency’ is not a unitary concept. Moreover, I also argue that our use of the concept of efficiency presupposes the decisions which we make with regard to the kinds of costs we recognize.... [tags: Efficiency Philosophy Essays]
3687 words (10.5 pages)
- Introduction Many people may argue the fact that social media has increased the efficiency of the way we conduct business. However, like most things there is always a negative side; the very existence of these social platforms such as “Facebook” has brought about a desensitized society. Furthermore, the leaders of present times have gotten so used to social media that if the system was to crash it would literally have most of them pulling out their hair. I am not disputing the fact that social media has brought about a positive, yet momentous impact on the way we live today, but people have gotten so used to their use that we have personally stopped interacting with each other physically.... [tags: Leadership, Employment, Democracy, Personal life]
1226 words (3.5 pages)
- Globalisation is a process of raising integration and inter-dependence between countries around the world. It can be shown from greater trade in goods and services, massive transfer of financial capital and technology, better specialisation in production and more labour migration between the world’s economies. As highlighted the booming of the four largest emerging economies, which are named as BRIC (Brazil, Russia, India and China), is one of the most successful results of globalisation. Nonetheless, little attention is paid to the different problems behind this rapid global economic integration.... [tags: Developing country, Developed country]
1669 words (4.8 pages)
- Guduvancheri: A Developing Realty Destination Guduvancheri is a developing suburb in the south-west part of Chennai and is located 35 kilometres away between Tambaram and Chengalpattu on GST road. Strategically located on the NH – 45, it connects with the cities in southern and western Tamilnadu. As Guduvancheri has all the facilities in its vicinity like railway station, bus stand, hospitals, telephone exchange, post office, and also close to reputed institutions the builders are eyeing this locality as a potential real estate destination.... [tags: developing suburbs in Southwest Chennai]
514 words (1.5 pages)