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Rethinking the Rethink: The World Bank and Privatization

In: Privatization and Alternative Public Sector Reform in Sub-Saharan Africa

Author

Listed:
  • Ben Fine
  • Kate Bayliss

Abstract

There can be little doubt that currently underway is a strengthening, if far from universal and unilinear, reaction against the extreme postures associated with the neo-liberal ‘Washington Consensus’. This is even acknowledged and welcomed by the person (John Williamson) credited with having coined the term.1 However, the retreat from the old Consensus is uneven across scholarship, rhetoric and policy, and how they do or do not mutually support one another (Fine 2001). The shift in posture towards being more state-friendly is matched by more explicit attention to poverty alleviation, and appeal to non-market factors such as good governance and government ownership of, and commitment to, ‘good’ policy.

Suggested Citation

  • Ben Fine & Kate Bayliss, 2008. "Rethinking the Rethink: The World Bank and Privatization," Palgrave Macmillan Books, in: Kate Bayliss & Ben Fine (ed.), Privatization and Alternative Public Sector Reform in Sub-Saharan Africa, chapter 4, pages 55-87, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-28641-2_4
    DOI: 10.1057/9780230286412_4
    as

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