Premium
Strategic management of privatization: a framework for planning and implementation
Author(s) -
RONDINELLI DENNIS A.,
IACONO MAX
Publication year - 1996
Publication title -
public administration and development
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.574
H-Index - 44
eISSN - 1099-162X
pISSN - 0271-2075
DOI - 10.1002/(sici)1099-162x(199608)16:3<247::aid-pad880>3.0.co;2-o
Subject(s) - pace , scope (computer science) , business , plan (archaeology) , process (computing) , economic system , planned economy , economic reform , state (computer science) , market economy , economics , political science , politics , archaeology , geodesy , algorithm , computer science , law , history , programming language , geography , operating system
The continuing interest of governments around the world in privatizing state‐owned enterprises (SOEs) is making privatization policy an important instrument for promoting market‐oriented approaches to economic development. Privatization has become an integral part of administrative reform in former centrally planned socialist economies, developing countries, and post‐industrial societies. More than a decade of experience with privatization provides lessons that can help governments to plan, implement and manage the process more efficiently, effectively, and responsively. The framework for managing privatization described here draws from lessons of that experience to define the forms, scope and pace of privatization, choose organizational structures for management, identify macropolicy and institutional reforms necessary to facilitate privatization, and develop management procedures for implementing privatization programmes successfully.