Archive for the ‘Privatisation’ Category

The political economy of privatisation

Posted: ফেব্রুয়ারি 23, 2009 in Political Economy, Privatisation

PRIVATISATION of state-owned enterprises is an important item on the policy agenda of many countries. This is because of an ideological shift in perception of the role of the state vis-à-vis the role of the private sector in economic management as well as appreciation of the economic logic buttressed by inefficiency of SOEs.

US President Reagan and UK Prime Minister Thatcher, who believed in getting the government off the back of business, contributed to an ideological shift in the perception of the role of the state. Nearly simultaneously, the role of private sector as the engine of economic growth was embodied in the “Washington Consensus.” (বিস্তারিত…)