Privatization in Africa: What has Happened? What is to be Done?
AbstractSub-Saharan African states urgently need expanded and more dynamic private sectors, more efficient and effective infrastructure/utility provision, and increased investment from both domestic and foreign sources. Privatization is one way to address these problems. But African states have generally been slow and reluctant privatizers; a good percentage of industrial/manufacturing and most infrastructure still remains in state hands. Given prevailing public hostility towards privatization, and widespread institutional weaknesses, such caution is defensible, but nonetheless very costly. The long-run and difficult solution is the creation and reinforcement of the institutions that underpin and guide proper market operations. In the interim, African governments and donors have little choice but to continue to experiment with the use of externally supplied substitutes for gaps in local regulatory and legal systems.
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Bibliographic InfoPaper provided by Center for Global Development in its series Working Papers with number 25.
Length: 34 pages
Date of creation: Feb 2003
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Sub-Saharan Africa; privatization; investment;
Find related papers by JEL classification:
- K23 - Law and Economics - - Regulation and Business Law - - - Regulated Industries and Administrative Law
- O55 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Africa
- L33 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Comparison of Public and Private Enterprise and Nonprofit Institutions; Privatization; Contracting Out
- L50 - Industrial Organization - - Regulation and Industrial Policy - - - General
- L60 - Industrial Organization - - Industry Studies: Manufacturing - - - General
- F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
This paper has been announced in the following NEP Reports:
- NEP-AFR-2006-09-03 (Africa)
- NEP-ALL-2006-09-03 (All new papers)
- NEP-PBE-2006-09-03 (Public Economics)
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