Few African countries have made significant progress in the direction of privatisation. A major reason for this has been the lack of a realistic assessment of the requirements and capabilities needed to carry out successful privatisation: terms of financial support, policy initiatives,...

There has been much debate about the speed and sequencing of policy reform necessary to bring about restructuring of large state enterprises in transition economies. The new republics of Central Asia have had little choice: the collapse of the former Soviet Union in 1991 precipitated a crisis...