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PRIVATIZATION IS NOT UNAMBIGUOUSLY SUCCESSFUL IN DEVELOPING COUNTRIES
Empirical research is inadequate
Research on the impact of privatization on financial and operating performance, labour, fiscal balances and distributional equity largely confirms the view that privatization can be beneficial for firms operating in a competitive market structure in middle-income countries...
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But there are important caveats. First, the near absence of empirically rigorous studies on the non-efficiency aspects of privatization highlights the low priority given to these areas by researchers. Second, there are no comprehensive databases or studies on the longer term evolution of employment pre- and post-privatization...
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