In order to make the case for privatizing state-owned enterprises, their real problems were often exaggerated in order to make the case for privatization from the 1980s.By Jomo Kwame SundaramKUALA LUMPUR, Malaysia, May 14 2019 (IPS) Privatization has not provided the miracle cure for the problems (especially inefficiencies) associated with the public sector. The public interest has rarely been well served by private interests taking over from the public sector. Growing concern over the mixed consequences of privatization has spawned research worldwide.
Jomo Kwame SundaramAdverse economic consequences
Both Bretton Woods institutions have long been aware of the adverse impacts of privatization. For …read more
Source: Inter Press Service