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Privatization in Bd

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Submitted By mortuza16642
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Thoughts on Economics
Vol. 20, No. 02

Privatization in Bangladesh: Problems and Prospects

Muhammad Ruhul Amin(

Showkat Ara Khanam((

Abstract: Privatization has been advocated in the development literatures as the gateway of the growth and development of the countries all around the world. Despite the phenomenal expansion of privatization programs, the results differed from country to country. Some could achieve the desired goals and some failed enormously. However, the World Bank and the IMF continued their campaign of privatization for less developed countries (LDCs) including Bangladesh to stimulate their growth and development. Some LDCs have adopted privatization programs of their own volition. The central theme of this paper is to examine the implications of privatization for the overall development of Bangladesh. The paper raises a number of issues in this regard. The issues involve meaning, significance, approaches, strategies and effectiveness of privatization.

While seeking solutions to these issues, the problems inherent in policy formulation and its implementation strategies have been clearly spelled out in the paper. The authors suggest that in order to make privatization efforts a success, an indigenously designed pragmatic policy needs to be undertaken. They warn that the policy prescriptions of external sources including donor agencies, pressure groups and political lobbyists should be handled with great care and caution.

1. Introduction

Privatization has been advocated in the development literatures as the gateway of the growth and development of the countries all around the globe. Despite the phenomenal expansion of privatization programs, the results have been different from one country to another. Some could achieve the desired goals and some failed enormously. The reasons of their failure include structural

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