Privatization, Public Sector Reforms and Development Strategies of Developing Countries

Abstract

This article re-examines privatization in the broader context of reforms and development strategies. Three key issues are considered. The first issue is the theoretical justification for privatization; the second is the demand for re-regulation; and the third the sequencing of reform steps within the context of macro-economic policies and public sector reforms. A discussion of these sheds some new light on privatization, public sector reforms and the formulation of effective development strategies for developing economies.