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Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat 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
Link:https://www.tandfonline.com/doi/pdf/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.
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