decades in much of the developing world, took off in the 1990s after this policy shift, and has generally remained high (in … spite of a wave of crises and recessions in the late 1990s and early 2000s). Privatization has made a great deal of progress … in the developing world, particularly in Latin America, though the Middle East and North Africa (MENA) have lagged …

This report is concerned with the analysis of privatization and private sector development for the eastern and … development and, to a greater or lesser extent, privatization of stateowned assets. However, there is a great deal of … divided into two groups: one, including Algeria, Libya, and Syria, where reforms promoting privatization and private sector …

This study has two objectives: to estimate the impact of share issue privatisations on the growth of world capital … role of commercial banks, in corporate financial systems around the world. We then show that privatisation programmes have … world as a whole, as well as for most major country groupings. (2) During that same time period, stock market capitalisation …

Critics of privatization argue that poor labor force restructuring is a key concern and that governments should … establish better retrenchment programs. Using new data from arandom sample of 400 companies in the world, we test competing … owners after privatization. Our results show that adverse selection plagues retrenchment programs carried out by governments …

This paper investigates whether privatization in emerging economies has a significant indirect effect on local stock … market development through the resolution of political risk. We argue that a sustained privatization program represents a … regulatory and private property rights. We present evidence suggesting that progress in privatization is indeed correlated with …

Critics of globalization claim that foreign ownership of privatized firms is linked to negative post-privatization … already better restructured before privatization. Additionally, this paper does not find evidence that foreign participation …