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Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
Title:From nationalisation to privatisation in Africa
Author:Stefanski, Bogdan
Year:2001
Periodical:Africana Bulletin
Issue:49
Pages:143-167
Language:English
Geographic term:Africa
Subject:privatization
Abstract:The development strategies of African governments based on direct State intervention in the economy implemented in the 1960s and 1970s proved disappointing. However, the privatization movement in Africa originated not so much from the poor performance of State-owned enterprises and a realization of basic weaknesses in the approaches of the past as from the explicit and implicit conditions imposed by the West and its international financial institutions for receiving aid. In spite of opposition, privatization is well under way in a number of African countries. Recent sources underline the rising trend of privatization in Africa and the variety of methods used in the privatization process. It is quite difficult to assess the impact of privatization on the African economy and society. There is a tendency to view privatization as a panacea for a range of, if not all, economic problems. The lack of strong, well-developed, transparent and flexible government and State administrative infrastructure is one of the major obstacles to the implementation of efficient and beneficial privatization reforms in African countries. Bibliogr. [ASC Leiden abstract]
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