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Periodical article | Leiden University catalogue | WorldCat |
Title: | The Social Welfare Impact of Privatisation in Sub-Saharan Africa: A Discussion |
Authors: | Okeahalam, Charles C. Mukwena, Royson M. |
Year: | 2000 |
Periodical: | Social Dynamics |
Volume: | 26 |
Issue: | 1 |
Period: | Winter |
Pages: | 134-149 |
Language: | English |
Geographic term: | Subsaharan Africa |
Subjects: | social welfare privatization Development and Technology Economics and Trade Politics and Government Labor and Employment |
External link: | https://www.tandfonline.com/doi/abs/10.1080/02533950008458688 |
Abstract: | Privatization has been a major aspect of the structural adjustment programme (SAP) in Africa. Given the level of economic inequality in sub-Saharan Africa, the fact that privatization in sub-Saharan Africa is mostly the result of external pressure, and that in general privatization has not delivered all the benefits it is supposed to, this article discusses two major social welfare aspects of privatization: utility and consumer welfare, and unemployment and wage rates. The central argument is that, since privatization transfers ownership to private hands and the primary objective of private ownership is profit, the welfare of the majority of citizens in sub-Saharan Africa can be adversely affected by ill-designed privatization policy which does not efficiently provide a regulatory framework to ensure social welfare of consumers and stakeholders. Bibliogr., notes, ref. |