NWANKWO,Sonny
Privatization : the mith of free market orthodoxy in sub-Saharan Africa - 2001
The phenomenal spread of privatization initiatives in sub-Sahara Africa since the 1980s created the impression that public infrastructure divestiture is a shortcut to economic growth and development. This has proven not to be the case due to the lack of enabling institutional prerequisites. It appears the case thate while much faith is put in the potency of the freee market, little thought is generally given to the institution required for markets to perform their function. Accordingly, this paper discusses some of the embedded institutinal failures that have made free-market development policies a mirage in many sub-Saharan African contries. Principally among these are corruption and government failures. To check these, it makes more sense to re-direct attention to the sources of failure rather than the free market ideological thrust
Privatization
Free Market
Business Failures
Africa
País em Desenvolvimento
Privatization : the mith of free market orthodoxy in sub-Saharan Africa - 2001
The phenomenal spread of privatization initiatives in sub-Sahara Africa since the 1980s created the impression that public infrastructure divestiture is a shortcut to economic growth and development. This has proven not to be the case due to the lack of enabling institutional prerequisites. It appears the case thate while much faith is put in the potency of the freee market, little thought is generally given to the institution required for markets to perform their function. Accordingly, this paper discusses some of the embedded institutinal failures that have made free-market development policies a mirage in many sub-Saharan African contries. Principally among these are corruption and government failures. To check these, it makes more sense to re-direct attention to the sources of failure rather than the free market ideological thrust
Privatization
Free Market
Business Failures
Africa
País em Desenvolvimento
