The Economic and Social Impact of Privitization of State-owned Enterprises in Africa. Mike I. Obadan. Dakar, CODESRIA, 2008, 80 p. , ISBN : 978-2-86978-228-0Number of visits: 3873
The case for privatization, whether defined in a broad or narrow sense, has been forcefully made by its advocates
against the backdrop of the much advertised poor performances of state-owned enterprises (SOEs) and
theoretical arguments relating to the efficiency of private firms over public enterprises. Consequently, privatiza-
tion and commercialization have been key components of the structural adjustment programmes foisted by
the Bretton Woods institutions on Third World countries. Yet, the empirical findings on privatization, espe-
cially outside Africa where they exist, do not portray the strategy to be a panacea that works in all circumstances
in all branches of economic activity.
In spite of this, since the late 1980s, privatization has been stepped up in
almost all African countries. And after about two decades of vigorous implementation of privatization
programmes in Africa, there is a compelling need for a comprehensive and systematic analysis of various
privatization issues, particularly the economic and social impact. This book thus establishes a clear case for a comprehensive and
systematic analysis of the impact of privatization in Africa. Specifically, the book provides a state-of-the art review of privatization
issues and research questions as a prelude to an in-depth study of the economic and social impact of privatization.