Does privatization improve management controls and enhance enterprise performance to facilitate development goals? (original) (raw)

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Privatization: A Comparative Review of the Theoretical Literature (Journal of Economic & Management Perspectives)

Journal of Economic & Management Perspectives, 2017

Privatization is quite likely one of the most controversial policy of development in the present era. It has gained momentum since the 1980s, and now includes virtually every sector imaginable and almost every country in the world. While many theoretical explanations have provided to interpret privatization and its rise, comparative material that maps those theoretical explanations in a clear and accessible way remains in its infancy. By unfolding the conceptual disagreements, different assumptions and prevailing methodologies that exist in the literature, this paper argues that the division of literature around three theoretical poles –neoclassical and liberal, institutionalist and Keynesian, and Marxian-could be an appropriate approach to develop a comparative review of the theoretical literature on privatization. Such comparative approach makes significant contribution to further empirical and conceptual studies of privatization by demonstrating various ways of moving inexorably to different conclusions (and hence politics) about privatization.

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Does privatization improve management controls and enhance enterprise performance to facilitate development goals? (original) (raw)

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