Privatization : a solution to problems of public enterprises

الملخص EN

Most countries, despite differences in their levels of development, political tendencies, and economic systems, are turning towards privatization.

This involves the devolution of government property and assets, involving certain governmental services and responsibilities, to the private sector.

Practical application of this concept has, in turn, brought forth solutions to some of the fundamental problems of the public sector.

The aim of this paper is to evaluate privatization as a method of overcoming the problems facing public enterprises.

It examines the factors contributing to the poor performance of public enterprises and outlines the objectives of privatization.

The paper draws on the privatization experience of various countries and discusses the obstacles to privatization and the effect of competition on privatized firms.

`The requirements for a successful privatization programme are also outlined.