Privatization, Social Impact, and Social Safety Nets /

Privatization promotes economic efficiency and growth, thereby reinforcing macroeconomic adjustment. In the short run, however, it can lead to job losses and wage cuts for workers and higher prices for consumers. This paper discusses these impacts and the fiscal implications of privatization. It the...

وصف كامل

التفاصيل البيبلوغرافية
المؤلف الرئيسي: Gupta, Sanjeev
مؤلفون آخرون: Ma, Henry, Schiller, Christian
التنسيق: دورية
اللغة:English
منشور في: Washington, D.C. : International Monetary Fund, 1999.
سلاسل:IMF Working Papers; Working Paper ; No. 1999/068
الوصول للمادة أونلاين:Full text available on IMF
الوصف
الملخص:Privatization promotes economic efficiency and growth, thereby reinforcing macroeconomic adjustment. In the short run, however, it can lead to job losses and wage cuts for workers and higher prices for consumers. This paper discusses these impacts and the fiscal implications of privatization. It then reviews various methods of privatization and finds that public sales and auctions can have more negative effects on workers but maximize the government's revenue gains. Policymakers' options for mitigating the social impact of privatization are surveyed, and experiences under adjustment programs reviewed.
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وصف مادي:1 online resource (27 pages)
التنسيق:Mode of access: Internet
تدمد:1018-5941
وصول:Electronic access restricted to authorized BRAC University faculty, staff and students