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03

Political Realism: Machiavelli

   
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Title: Political Realism: Machiavelli
 
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Subject: Social Issues
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Date: January 2, 2007
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Length: 6 / 1619
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WHAT DOES "SUCCESSFUL" PRIVATIZATION MEAN? When we talk about the success or failure of privatization, we need to decide first which factors to take into account to analyze the process and the fate of companies that are the offspring of privatization...
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The following factors could be used to measure the "success" of privatization: 1) Profitability improvement; 2) Consumer benefit, access and reach; 3) Efficiency of operations and allocation of resources; 4) Income and wealth redistribution. 3. 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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