ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Privatisation A Review of International Experience

Experience Samuel Paul Privatisation has emerged as a major public policy issue in the eighties. Privatisation of public enterprises in the UK and public services in the US is the latest trend. Bilateral and multilateral aid agencies are recommending privatisation of the public sector to developing countries. Indeed, in some cases international lending agencies have made privatisation a condition for their project and adjustment lending to several developing countries. This paper reviews the progress and examines the experience of privatisation in the US and UK as a backdrop against which to assess the experience of the LDCs. Reasons are given for the differential performance between the UK and US on the one hand and LDCs on the other Some of the lessons and emerging issues associated with privatisation are discussed.

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