"This paper takes stock of recent privatization trends, examines the extent to which government ownership is still … 2003, 120 developing countries carried out nearly 8,000 privatization transactions and raised …

"The paper analyzes governments' tradeoff between fiscal benefits and consumer surplus in privatization reforms of … noncompetitive industries in developing countries. Under privatization, the control rights are transferred to private interests so … developing countries, tight budget constraints imply that privatization may be optimal for low profitability segments. For highly …