Privatisation in the Meda Region: Where do we stand?
This paper builds on a new database (PRIVMEDA) in order to assess the progress of the privatisation process in the MEDA countries of Algeria, Egypt, Israel, Jordan, Lebanon, Malta, Morocco, Syria, Tunisia and Turkey. The first part of the paper offers an overview of the privatisation record from 199...
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| Veröffentlicht in: | OECD Development Centre Working Papers 2007-07, Vol.2007 (4) |
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| container_title | OECD Development Centre Working Papers |
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| creator | Kauffmann, Céline Wegner, Lucia |
| description | This paper builds on a new database (PRIVMEDA) in order to assess the progress of the
privatisation process in the MEDA countries of Algeria, Egypt, Israel, Jordan, Lebanon, Malta,
Morocco, Syria, Tunisia and Turkey. The first part of the paper offers an overview of the
privatisation record from 1990 to 2006. It shows that, as in other parts of the world, the first wave
of privatisations in the 1990s, which focused almost exclusively on profit-making enterprises in
the tourism, transport, food and construction material sectors, slowed down towards the early
2000s and rebounded in 2005 when larger utilities where earmarked for sale.
The second part of the paper assesses the outcome of the privatisation process in light of
three key objectives: fiscal proceeds, economic efficiency and the development of the local
private sector. It concludes that privatisation in the MEDA region can successfully promote
efficiency and private sector development only when embedded in a package of measures,
including the setting up of a proper regulatory framework, the improvement of the business
climate and the liberalisation of financial markets. |
| doi_str_mv | 10.1787/121331288232 |
| format | Article |
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privatisation process in the MEDA countries of Algeria, Egypt, Israel, Jordan, Lebanon, Malta,
Morocco, Syria, Tunisia and Turkey. The first part of the paper offers an overview of the
privatisation record from 1990 to 2006. It shows that, as in other parts of the world, the first wave
of privatisations in the 1990s, which focused almost exclusively on profit-making enterprises in
the tourism, transport, food and construction material sectors, slowed down towards the early
2000s and rebounded in 2005 when larger utilities where earmarked for sale.
The second part of the paper assesses the outcome of the privatisation process in light of
three key objectives: fiscal proceeds, economic efficiency and the development of the local
private sector. It concludes that privatisation in the MEDA region can successfully promote
efficiency and private sector development only when embedded in a package of measures,
including the setting up of a proper regulatory framework, the improvement of the business
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privatisation process in the MEDA countries of Algeria, Egypt, Israel, Jordan, Lebanon, Malta,
Morocco, Syria, Tunisia and Turkey. The first part of the paper offers an overview of the
privatisation record from 1990 to 2006. It shows that, as in other parts of the world, the first wave
of privatisations in the 1990s, which focused almost exclusively on profit-making enterprises in
the tourism, transport, food and construction material sectors, slowed down towards the early
2000s and rebounded in 2005 when larger utilities where earmarked for sale.
The second part of the paper assesses the outcome of the privatisation process in light of
three key objectives: fiscal proceeds, economic efficiency and the development of the local
private sector. It concludes that privatisation in the MEDA region can successfully promote
efficiency and private sector development only when embedded in a package of measures,
including the setting up of a proper regulatory framework, the improvement of the business
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privatisation process in the MEDA countries of Algeria, Egypt, Israel, Jordan, Lebanon, Malta,
Morocco, Syria, Tunisia and Turkey. The first part of the paper offers an overview of the
privatisation record from 1990 to 2006. It shows that, as in other parts of the world, the first wave
of privatisations in the 1990s, which focused almost exclusively on profit-making enterprises in
the tourism, transport, food and construction material sectors, slowed down towards the early
2000s and rebounded in 2005 when larger utilities where earmarked for sale.
The second part of the paper assesses the outcome of the privatisation process in light of
three key objectives: fiscal proceeds, economic efficiency and the development of the local
private sector. It concludes that privatisation in the MEDA region can successfully promote
efficiency and private sector development only when embedded in a package of measures,
including the setting up of a proper regulatory framework, the improvement of the business
climate and the liberalisation of financial markets.</abstract><cop>Paris</cop><pub>OECD Publishing</pub><doi>10.1787/121331288232</doi><oa>free_for_read</oa></addata></record> |
| fulltext | fulltext |
| identifier | EISSN: 1815-1949 |
| ispartof | OECD Development Centre Working Papers, 2007-07, Vol.2007 (4) |
| issn | 1815-1949 |
| language | eng |
| recordid | cdi_oecd_workingpapers_10_1787_121331288232 |
| source | EZB-FREE-00999 freely available EZB journals |
| subjects | MEDA region privatisation public utilities regulatory reforms |
| title | Privatisation in the Meda Region: Where do we stand? |
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