Graduate School of International Studies Ajou University
Publication Year
2011-08
Language
eng
Alternative Abstract
Public enterprises were formed to propel socio-economic development and thus, to guard in opposition to the control of the economy from external domination and exploitation of the general public. This is more reason why the large sum of the government resource is entrusted to the establishment and function of public enterprises. Nevertheless, the functionality of the state owned enterprises had been on shamble with various disputes. To ameliorate the poor performance of the state owned enterprises, there is need for the creation of private ownership. Privatization is an economic transformation, of governmental policy, which was integrated to correct the abysmal failure of state owned enterprises. The office in charge of privatization program is known by different names in various countries, pending on the government that institutes the program. The privatization program was introduced to many countries, through the Washington consensus and World Bank program, known as structural adjustment program. This paper is a comparison analysis of privatization in developed and developing nations. The paper is to find out the various goals of privatization and sectors privatized, the dissimilarities and similarities in sectors privatized the project count and investment commitments in number of countries in industrialized and developing nations. We conducted comparison analysis research in this paper. This paper, show the nitty-gritty of privatization in positive and negative aspect.