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Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
Title:Privatisation in Developing Countries: Lessons to Be Learnt from the Mozambican Case
Authors:Torp, Jens Erik
Rekve, Peter
Periodical:Transformation: Critical Perspectives on Southern Africa
Geographic term:Mozambique
Development and Technology
Economics and Trade
External link:http://digital.lib.msu.edu/projects/africanjournals/html/itemdetail.cfm?recordID=687
Abstract:Privatization has become a key aspect of the restructuring and adjustment programmes advocated by the World Bank and the IMF as a consideration for lending to developing countries. This article reexamines the mainstream concepts and approaches related to privatization, focusing on Mozambique. In Mozambique, the privatization laws of 1989 gave impetus to the privatization process and this led the Mozambican fishing authorities to regulate their activities accordingly. However, the privatization of the Fishery Support Stations (Combinados Pesceros: CPs) has not resulted in the setting up of new companies and the running and development of the CPs to provide services for the fishermen as was intended. A lesson to be learnt from this case study is that a change in ownership relations does not automatically lead to a shift in the way productive relations are organized. Productive activity is not founded on strictly economic grounds, but also rooted in social relations (as evidenced for example in the way the catch is shared). Mainstream economic theory on privatization is based on fundamental assumptions of specific behavioural patterns and 'economic man' rationality that might not always be prevalent in cultures other than those where the theories were originally formulated. Bibliogr., note.