UBRISA

View Item 
  •   Ubrisa Home
  • Imports
  • OJS imports
  • View Item
  •   Ubrisa Home
  • Imports
  • OJS imports
  • View Item
    • Login
    JavaScript is disabled for your browser. Some features of this site may not work without it.

    Privatisation as a vehicle for economic development: an appraisal

    Thumbnail
    View/Open
    398-1245-1-PB.pdf (287.8Kb)
    Date
    2015-07-09
    Author
    Malema, Brothers Wilright
    Kaelo, Galeage
    Publisher
    University of Botswana; www.ub.bw
    Type
    Peer-reviewed Article
    Metadata
    Show full item record
    Abstract
    The ‘Neoclassical Counter Revolution’ school of thought emphasised privatisation as a vehicle for economic development. This school owes its existence to the political ascendancy to state power by conservative governments in the United Kingdom and the United States of America amongst others, around 1980. The ‘Washington Consensus’ was not to be outdone as it included privatisation amongst its ten policy prescriptions. The ‘Washington Consensus’ policies were a product of intellectual convergence by the three Bretton Woods institutions. It seems that privatisation has endeared itself to policy makers and is universally perceived as a vehicle towards economic development, save for a few exceptional cases for which China stands out. This paper interrogates this view and highlight that it deserves contextualisation for the realisation of maximum returns. Privatisation should consider other factors, far and above the ‘overemphasised’ productive efficiency. We conclude that such a policy might be counterproductive in a developing country with high unemployment and poverty rates such as Botswana. We also agree without question that ‘it is what the doctor ordered for a healthy American economy’ and others comparable to it, with the unemployment rate hovering around the natural rate.
    URI
    http://hdl.handle.net/10311/1621
    Collections
    • OJS imports [361]

    DSpace software copyright © 2002-2015  DuraSpace
    Contact Us | Send Feedback
    Theme by 
    @mire NV
     

     

    Browse

    All of UBRISA > Communities & Collections > By Issue Date > Authors > Titles > SubjectsThis Collection > By Issue Date > Authors > Titles > Subjects

    My Account

    > Login > Register

    Statistics

    > Most Popular Items > Statistics by Country > Most Popular Authors