...advantages and disadvantages of privatization and nationalization of industries or firms. The essay will conclude by suggesting which of the two would be viable for future policy consideration in Zambia. The term privatization is often loosely used to mean a number of related activities, including any expansion of the scope of private sector activity in an economy and the adoption by the public sector of efficiency enhancing techniques commonly employed by the private sector. The term privatization may be taken to mean a financial transaction-the sale of a publicly owned asset to the private sector or the transfer of the authority to make resource allocation decisions from the government to the market place (Gabel, 1987). While acknowledging that no definition of privatization is water tight, for the purpose of this essay, privatization will be defined as the transfer of productive asset ownership and control from the public to the private sector (Ibid). In Africa, many governments have embraced the idea of privatization, brought to the fore mainly as a part of the adjustment and stabilization programs of the mid-eighties and the nineties. Privatization now frequently features in government policy statements and in conditionalities from donors. The past decade has also seen the World Bank and other donors get increasingly involved in lending operations towards parastatal sector reforms that included privatization components (Landis, 2000). Privatization is therefore a capitalist...
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...be adopted a target approach, which focuses on the specific context of each country and alters variables gradually. This approach seems to best address the problems encountered with the Consensus. The Washington Consensus, codified by John Williamson (1990) and informed by neoliberal theory, outlined ten specific economic policies aimed at stabilising, privatising and liberalising developing economies. It was believed that that this was the pathway to modernity for these nations (Rodrik, 2006). Specifically, Williamson (1990) recommended fiscal discipline, reorientation of public expenditures, tax reform, financial liberalisation, unified and competitive exchange rates, trade liberalisation, openness to direct foreign investment, privatization, deregulation, and secure property rights. The recommendations were heavily supported by The International Monetary Fund, the World Bank and the US Treasury. Indeed, nonconforming developing nations were put under significant pressure by the World Bank to adopt the recommendations (Rodrik, 2006). Whilst the reforms advocated by the Washington Consensus have been widely implemented, the results have been poor. On the basis of economic growth, Latin America has performed below expectations and Sub-Saharan Africa has had only a few success stories. Moreover, in some countries in Africa, the reforms worsened the public health crisis (Rodrik, 2006). Reduced market volatility was one of the key expected outcomes of the Consensus, however...
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...answer. Its recipes were neither necessary nor sufficient for successful growth, though each of its policies made sense for particular countries at particular times. By the Washington consensus I mean, of course, the oversimplified rendition of what it was that the international financial institutions and the U.S. Treasury recommended, especially during the period of the eighties and early nineties, before they became such a subject of vilification in both the North and the South, not the more subtle work of John Williamson, who actually coined the term.2 Whatever, its original content and intent, the term “Washington Consensus”, in the minds of most people around the world, has come to refer to development strategies focusing around privatization, liberalization, and macro-stability (meaning mostly price stability); a set of policies predicated upon a strong faith – stronger than warranted --in unfettered markets and aimed at reducing, or even minimizing, the role of government.3 That development strategy stands in 1 Initiative for Policy Dialogue and university professor, Columbia University. The author would like to thank the Ford Foundation, the MacArthur Foundation, and the Mott Foundation for financial support. Research assistance from Megan Torau is also gratefully acknowledged. This is a slight revision of a paper presented at a conference sponsored by Foundation CIDOB and the Initiative for Policy Dialogue held in Barcelona in September 2004, “From the Washington Consensus...
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...Queensland: What can we learn from the Canadian experience? Stephen Mclay s2840946 Supervised by Alex Robson and David Rynne Contents Introduction p 3 Defining the economic principles of natural monopoly infrastructure assets and the benefits/costs of privatisation p 3 The pros and cons of direct regulation p 5 Where commercial negotiation has been successful and the difference between commercial negotiation with government owned corporation monopolies and private monopolies p 7 Current QLD situation and the risks imposed by natural monopoly specific to the context p 10 CN Rail privatization as a point of empirical evidence p 13 Considerations p 15 Conclusions p 16 Reference List p 19 Bibliography p 20 Appendices p 21 Introduction In 2012, the Queensland Government privatised bulk freighting services and coal business in Queensland and New South Wales as well as the regional freight business in Queensland, bulk mineral haulage in Queensland and Western Australia and the containerised freight between Cairns, Brisbane, Sydney, Melbourne, Adelaide and Perth. The privatisation of bulk freighting services under the banner of Aurizon...
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...The Meaning of Privatization Copyright 1988 by Paul Starr. Seite 1 Readers may redistribute this article to other individuals for noncommercial use, provided that the text and this notice remain intact. This article may not be resold, reprinted, or redistributed for compensation of any kind without prior written permission from the author. If you have any questions about permissions, please contact the author at (609) 258-4533 or by e-mail at starr@princeton.edu. Preferred Citation: Paul Starr, "The Meaning of Privatization," Yale Law and Policy Review 6 (1988): 6-41. This article also appears in Alfred Kahn and Sheila Kamerman, eds., Privatization and the Welfare State (Princeton University Press, 1989). The Meaning of Privatization Paul Starr Privatization is a fuzzy concept that evokes sharp political reactions. It covers a great range of ideas and policies, varying from the eminently reasonable to the wildly impractical. Yet however varied and at times unclear in its meaning, privatization has unambiguous political origins and objectives. It emerges from the countermovement against the growth of government in the West and represents the most serious conservative effort of our time to formulate a positive alternative. Privatization proposals do not aim merely to return services to their original location in the private sphere. Some proposals seek to create new kinds of market relations and promise results comparable or superior to conventional public programs. Hence...
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...State versus Private Ownership Andrei Shleifer Department of Economics Harvard University Cambridge, Massachusetts. Abstract Private ownership should generally be preferred to public ownership when the incentives to innovate and to contain costs must be strong. In essence, this is the case for capitalism over socialism, explaining the "dynamic vitality" of free enterprise. The great economists of the 1930s and 1940s failed to see the dangers of socialism in part because they focused on the role of prices under socialism and capitalism, and ignored the enormous importance of ownership as the source of capitalist incentives to innovate. Moreover, many of the concerns that private firms fail to address “social goals” can be addressed through government contracting and regulation, without resort to government ownership. The case for private provision only becomes stronger when competition between suppliers, reputational mechanisms, the possibility of provision by private not-for-profit firms, as well as political patronage and corruption, are brought into play. 1 What kinds of goods and services should be provided by government employees as opposed to private firms? Should government workers make steel and cars in government-owned factories? Should teachers and doctors be publicly employed or should they work for private schools and practices? Should garbage be picked up by civil servants or employees of private garbage haulers? Should the whole economy be "socialized"? Although...
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...SUMMARY OF RESULTS OF THE SURVEY Franco Viciani Kostas G. Stamoulis Alberto Zezza Franco Viciani nd Alberto Zezza are consultants, and Kostas G. Stamoulis is a Senior Economist, Agriculture and Economic Development Analysis Division (ESA), FAO, Rome. | 1. Introduction 2. Poverty, Inequality and Food Insecurity 3. Policy Reforms Affecting Agriculture and Rural Development, and Changes in the Role of the State 4. Globalization and International Trade Liberalization 5. Increasing Agricultural Production: Sustainability and Technology Changes 1. INTRODUCTION The first step in the CUREMIS exercise was a survey conducted among all the regional and sub-regional policy officers and outposted staff of the Economic and Social Department of FAO. The survey was based on a questionnaire which was distributed to them and was structured around "major trends affecting food, agriculture and rural development" as identified in the process of preparing the FAO Strategic Framework, namely: * changes in the role and functions of the state and implication for food, agriculture and rural development * trade liberalization, globalization and increased reliance on regional blocks * persistence of poverty, mounting inequality, food insecurity and continuing risks of emergencies * population growth, urbanization and related changes in demand on agriculture; increasing pressure on natural resources and the environment * research and technology development and inequality...
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...Agroforestry in the drylands of eastern Africa: a call to action Bashir Jama and Abdi Zeila Agroforestry in the drylands of eastern Africa: a call to action Bashir Jama and Abdi Zeila World Agroforestry Centre LIMITED CIRCULATION Titles in the Working Paper Series aim to disseminate information on agroforestry research and practices and stimulate feedback from the scientific community. Other series from the World Agroforestry Centre are: Agroforestry Perspectives, Technical Manuals, and Occasional Papers. Correct Citation: Jama B and Zeila A. 2005. Agroforestry in the drylands of eastern Africa: a call to action. ICRAF Working Paper – no. 1. Nairobi: World Agroforestry Centre. Published by the World Agroforestry Centre (ICRAF) Eastern and Central Africa Regional Programme United Nations Avenue PO Box 30677 – 00100, Nairobi, Kenya Tel: +254 20 7224 000, via USA +1 650 833 6645 Fax: +254 20 7224 001, via USA +1 650 833 6646 Email: b.jama@cgiar.org Internet: www.worldagroforestry.org © World Agroforestry Centre 2005 ICRAF Working Paper no. 1 Photos: World Agroforestry Centre Staff Articles appearing in this publication may be quoted or reproduced without charge, provided the source is acknowledged. No use of this publication may be made for resale or other commercial purposes. All images remain the sole property of their source and may not be used for any purpose without written permission of the source. The views expressed in this publication are those of the author(s) and...
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...THE SOCIAL FORCES BEHIND TRADE UNION FAILURE TO PROTECT WORKERS INTERESTS IN TANZANIA: A specific look at the Tanzania Teachers Union (TTU) Eric Michael Mattaba B.A (Sociology) Dissertation University of Dar es Salaam August 2015 THE SOCIAL FORCES BEHIND TRADE UNION FAILURE TO PROTECT WORKERS INTERESTS IN TANZANIA: A specific look at the Tanzania Teachers Union (TTU) By Eric Michael Mattaba A Dissertation submitted in partial fulfillment of the requirements for the degree of Bachelor of Arts (Sociology) of the University of Dar es Salaam University of Dar es Salaam August 2015 CERTIFICATION The undersigned certify that they have read and hear by recommend for acceptance by the University of Dar es Salaam a dissertation entitled: The social forces behind trade union failure in protecting workers interest in Tanzania: A specific look at the Tanzania Teachers Union (TTU), in fulfillment of the requirements for the degree of Bachelor of Arts (Sociology) of the University of Dar es Salaam Mr. Armstrong Matogwa (Supervisor) DECLARATION AND COPYRIGHT I, Eric Michael Mattaba, hereby declare that this dissertation is my own original work and that it has not been presented and will not be presented to any other University for a similar or any other degree award. Signature………………………………….. This dissertation is a copyright material protected under the Berne Convention, the copyright Act 1999 and other international and national enactments in that behalf, on intellectual property...
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...Women Breadwinners By: Arcelia Orozco-Medina MGMT 358 – Culture & Gender Issues in Management Dr. Dolores Olson August 7, 2013 Women of Yesteryear The traditional women has always been portrayed as the home caretaker, but was this always the case. We can look into centuries of history and see women of different eras and of different ethnic backgrounds, were they a picture of the traditional woman? Let’s look at some examples; let’s turn back the clock to Egyptian times. During the 15th Century B.C. there was Hatshepsut a women of political power promoting trade and arts. It wasn’t until a later times that she received the title of Pharaoh, Queen of Egypt. She was also one of the first known finding in Egyptian history. We follow with the most famous and ambitious of all, Cleopatra. She is mostly know for her struggles to win the crown and keep her country free among other things. She was with Julius Caesar, Roman general bearing him a son. Additionally she won the protection of Rome through an affair with Mark Anthony, and had three children with him. A lesser-known fact is that Cleopatra was highly educated and possessed an impressive intellect, being a student of philosophy and international relations We move now to the Victorian times and start off with Joan of Arc. Joan came from a peasant family, became a French heroine by leading the army of Charles VII. She captured and put on trial for witchcraft...
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...2010 اﻟﻤــﺆﺗﻤـﺮ اﻟـﺪوﻟــﻲ اﻷول ﻟﻠﺘﻨـﻤﻴــﺔ ﻓﻲ ﺳـــﻮرﻳــــﺔ دور اﻟﻤﺠﺘﻤـﻊ اﻷهـﻠــﻲ ﻓﻲ اﻟﺘﻨﻤﻴــﺔ 2010 32-42 آﺎﻧﻮن اﻟﺜﺎﻧﻲ/ ﻳﻨﺎﻳﺮ The First Interna onal Development Conference of Syria 2010 Emerging Role of Civil Society in Development 23‐24 January 2010 A Case Study of the AKRSP – Successful Rural Development in Northern Pakistan دراﺳﺔ ﺣﺎﻟﺔ- ﻧﺠﺎح اﻟﺘﻨﻤﻴﺔ اﻟﺮﻳﻔﻴﺔ ﻓﻲ ﺷﻤﺎل اﻟﺒﺎآﺴﺘﺎن Antonia Settle, Sustainable Development Policy Institute, Islamabad, Pakistan أﻧﺘﻮﻧﻴﺎ ﺳﻴﺘﻞ، ﻣﻌﻬﺪ ﺳﻴﺎﺳﺎت اﻟﺘﻨﻤﻴﺔ اﻟﻤﺴﺘﺪاﻣﺔ، إﺳﻼم أﺑﺎد، اﻟﺒﺎآﺴﺘﺎن antonia@sdpi.org This paper may not be distributed or reproduced without permission from the author(s). For references, please cite as follows: “Paper presented at the First International Development Conference of Syria, organised by the Syria Trust for Development, Damascus 23-24 January 2010”. A CASE STUDY OF THE AKRSP – SUCCESSFUL RURAL DEVELOPMENT IN NORTHERN PAKISTAN By Antonia Settle, Sustainable Development Policy Institute, Islamabad, Pakistan. ABSTRACT: There has been a shift in development paradigms reflected in the discourse of international funding bodies, from technocratic aid modalities associated with Washington Consensus models towards a ‘new development paradigm’ that accompanies post-Washington Consensus economic prescriptions. This new development paradigm relies increasingly on NGOs for channeling funds, while granting more space for government regulation and emphasizing participatory approaches. The...
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...U.S. Food and Drug Administration (FDA) drug review bears a structural similarity to many decisions made by other regulatory agencies: high uncertainty, low reversibility, avoidance of observable error, and high political stakes that induce lobbying by interested parties. This project explores the policy lessons to be learned from viewing FDA drug review as a politically shaped exercise in information processing. I argue that the incentives facing regulators induce limits on the degree to which drug review can be accelerated, that the same incentives could render privatization initiatives problematic, and that political pressures could play a useful role in identifying priority drugs. Patients, more than pharmaceutical firms, shape the political costs to the FDA of delaying drug approval. Consider two hypothetical consumers, one a pharmaceutical consumer (“patient”) who wishes to try a new drug for some ailment, the other a vitamin consumer who wishes to take zinc supplements to ward off a cold or flu. There are few institutional restrictions upon the consumption decisions of the vitamin consumer, at least in the United States. She is free to purchase vitamin products over the counter, and the vitamin manufacturer is free to sell them without prior authorization or licensing. Not so with pharmaceuticals. The marketplace for pharmaceuticals is one of the most highly regulated industries in the U.S. economy.1 To use any new pharmaceutical product, the patient must secure the...
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...Origin of the Report This report is originated as a partial fulfillment of the requirement of the course “F-310: Public Finance” of BBA program under Department of Finance of the Faculty of Business Studies, University of Dhaka and under the observation of the assigner teacher Umma Rumana Huq on 22 November 2012. Objective The broad objective of the study is to identify the various ways to finance economic growth and poverty reduction strategies in Bangladesh for attaining better economic performance and realizing the objectives of the Millennium Development Goals. The specific objectives are to: i. Review the source of finance of public expenditure and private sector investment. ii. Analyze government expenditure and private investment at sectoral level. iii. Review the fiscal and monetary policy in quest of developing a conducive framework for financing economic growth and poverty reduction. iv. Review the financing policies of the government related to social development and poverty (including policies related to health, education, women, children, indigenous people, etc.). v. Explore the challenges and options for resource mobilization to finance public expenditure and private investment. Methodology In congruence with the objectives of the study, a draft outline for the study and a framework for reviewing the national policies were prepared. While preparing the outline, the following issues were considered: analyzing past and ongoing policy reforms and their implications...
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...| Table of contents INTRODUCTION……………………………………………………………………….…………………….…………..……..p 3 I- History of the Chinese economy……………………………………………..……………………………….….…p 4 A- The Mao era (1945-1976)………………………………………………..……………………………….….…p 4 B- Post Mao era (Deng era 1976-1994)………..…………………………………………………….……….p 5 II- The process of transition……………………………………..………………………………………………………..p 5 III- Success and consequences of China’s economic transition….………………………………………p 6 IV- Challenges…………………………………………………………………………….……………..………...……………p 8 CONCLUSION…………………………………..………………………………………………………………………………..p 9 BIBLIOGRAPHY…………………………………..……………………………………………………………………….……p 11 APPENDICES…………………………………..…………………………………………………………..……………….…..p 12 INTRODUCTION | China is now becoming the world’s most prominent up and coming super power. It is a country steeped with a long and chequered past and the history books will show that it deserves its place amongst world leaders. In the last century China has experienced some of its most turbulent years and only in the very latter part of the century has it come to overthrow the oppressive shackles that have haunted the nation from the Mao era. However the case could be argued that the Mao era may have been the catalyst for much of the good that can be found in the Chinese approach to growing a stable economy. Rather than introducing radical reforms and provoking social unrest, the Deng era of Chinese rule introduced a two-track transition process...
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...F u r t h e r Praise for Globalization and Its Discontents " Development and economics are not about statistics. Rather, they a re about lives and jobs. Stiglitz never forgets that there are people at t he end of these policies, and that the success of a policy should be d efined not by h o w fast international banks are repaid, but by h o w m u c h people have to eat, and by h o w much better it makes their lives." — Christian Science Monitor " [An] urgently important new book." — Boston Globe " Whatever your opinions, you will be engaged by Stiglitz's sharp i nsights for a provocative reform agenda to reshape globalization. A m ust read for those concerned about the future, w h o believe that a w orld of decent work is possible and want to avert a collision course b etween the haves and the have nots." —Juan Somavia, d irector-general of the International Labour Organization " [Stiglitz s] rare mix of academic achievement and policy experience m akes Globalization and Its Discontents w orth r e a d i n g . . . . His passion a nd directness are a breath of fresh air given the usual circumlocutions of economists." — BusinessWeek " T h i s smart, provocative study contributes significantly to the o n g o i n g globalization debate and provides a m o d e l of analytical r igor c o n c e r n i n g the process of assisting countries facing the challenges of e c o n o m i c development and transformation. . . . Impassioned, balanced and i n f...
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