Privatisation trends
For the first time since 1994, global privatization activity recorded a sharp decline in 1998. Proceeds dropped by 26% to around $114.5 billion, from an all time high of $153.8 billion in 1997. As in previous years, the bulk of privatization revenues were generated in OECD countries, some $86 billio...
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description | For the first time since 1994, global privatization activity recorded a sharp decline in 1998. Proceeds dropped by 26% to around $114.5 billion, from an all time high of $153.8 billion in 1997. As in previous years, the bulk of privatization revenues were generated in OECD countries, some $86 billion or around 75% of global privatization revenues. Most of the activity took place among the European members of OECD. Privatization activity in non-OECD countries, still robust in 1997, was drastically reduced as the financial crisis in Asia and Russia reduced cross border investment and shook investor confidence. Proceeds were halved to $28.5 billion, reducing non-OECD share of activity to about a quarter of total. Statistical data on global privatization are presented and discussed. |
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subjects | Banking Economic aspects Economic conditions Economic development Electricity European Monetary Union Initial public offerings Institutional investments International aspects International economic relations Investments Investors Manycountries Privatization Sales Statistical data Success Trends Volatility |
title | Privatisation trends |
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