Privatization, Social Impact, and Social Safety Nets PDF Download

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Privatization, Social Impact, and Social Safety Nets

Privatization, Social Impact, and Social Safety Nets PDF Author: Mr.Sanjeev Gupta
Publisher: International Monetary Fund
ISBN: 1451848978
Category : Business & Economics
Languages : en
Pages : 28

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Book Description
Privatization promotes economic efficiency and growth, thereby reinforcing macroeconomic adjustment. In the short run, however, it can lead to job losses and wage cuts for workers and higher prices for consumers. This paper discusses these impacts and the fiscal implications of privatization. It then reviews various methods of privatization and finds that public sales and auctions can have more negative effects on workers but maximize the government’s revenue gains. Policymakers’ options for mitigating the social impact of privatization are surveyed, and experiences under adjustment programs reviewed.