Privatization : Lessons from Jordan
While many governments in the Arab world
have undertaken some privatizations since the early 1990s,
many retain surprisingly large portfolios of fully,
majority, or minority state-owned enterprises (SOEs). As in
other parts of the world, privatization often causes
concerns among citizens. Workers fear loss of employment and
benefits; consumers worry about price increases; and voters
mistrust government officials. Jordan's experience
during 1998 - 2008, when the Government of Jordan (GOJ)
privatized fourteen SOEs in telecommunications, electricity,
air transport, mining and other sectors with technical
assistance program financing from the U.S. Agency for
International Development (USAID) demonstrates both how
privatization can provide a wide range of benefits to
society and how to implement a privatization program.
Privatization is contentious, and it can be difficult to
demonstrate the benefits. To do so, it will be useful to
establish a pre-privatization baseline in terms of the
enterprise performance results, employment effects, fiscal
effects, investment, and competitiveness to be expected in a
counter-factual case where the enterprise remains under state-ownership.
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Bibliographic Details
| Main Author: |
Mako, William P. |
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| Language: | English
en_US |
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| Published: |
World Bank, Washington, DC
2012-07
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| Subjects: | ANNUAL PAYMENTS,
AVERAGE TARIFFS,
BOT,
CAPACITY DEVELOPMENT,
CAPITAL INVESTMENT,
CAPITAL MARKET,
CAPITAL MARKET DEVELOPMENT,
CAPITAL MARKETS,
COMMITMENT TO PRIVATIZATION,
CONFLICT OF INTEREST,
CONFLICTS OF INTEREST,
CONTINGENT LIABILITY,
CORPORATE SOCIAL RESPONSIBILITY,
CREDITS,
CRITICAL MASS,
DEBT,
ENTERPRISE PERFORMANCE,
ENTERPRISE RESTRUCTURING,
EXECUTIVE PRIVATIZATION COMMISSION,
FINANCIAL ASSISTANCE,
FINANCIAL INSTITUTION,
FINANCIAL PERFORMANCE,
FOREIGN DIRECT INVESTMENT,
GOVERNMENT BUDGETS,
GOVERNMENT OFFICIALS,
IMPLEMENTATION OF PRIVATIZATION,
INDEPENDENT REGULATOR,
INSTITUTIONAL FRAMEWORKS,
INTERNATIONAL FINANCIAL INSTITUTION,
INVESTOR INTEREST,
LABOR PRODUCTIVITY,
LEGAL AUTHORITY,
LEVEL OF DEBT,
MACROECONOMIC STABILITY,
MANDATES,
NEGOTIATION,
PORTFOLIOS,
POTENTIAL INVESTOR,
PRIVATE PARTNERSHIPS,
PRIVATE SECTOR,
PRIVATE SECTOR DEVELOPMENT,
PRIVATIZATION,
PRIVATIZATION AGENCY,
PRIVATIZATION COMMITTEE,
PRIVATIZATION LAW,
PRIVATIZATION PLAN,
PRIVATIZATION PROCEEDS,
PRIVATIZATION PROGRAM,
PRIVATIZATION SALES,
PRIVATIZATION TRANSACTION,
PRIVATIZATION TRANSACTIONS,
PRIVATIZATIONS,
PUBLIC SHARE OFFERING,
PUBLIC-PRIVATE PARTNERSHIPS,
REAL ESTATE,
REGULATORS,
REGULATORY FRAMEWORKS,
RETIREMENT AGE,
SALES PROCEEDS,
STATE-OWNERSHIP,
STOCK EXCHANGE,
TECHNICAL ASSISTANCE,
TREASURY, |
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| Online Access: | http://documents.worldbank.org/curated/en/2012/07/16795703/privatization-lessons-jordan
https://hdl.handle.net/10986/16171
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