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The Political Economy of SOE Privatization and Governance Reform in the MENA Region
Author
Source
Issue
Vol. 2012, Issue 2012 (31 Dec. 2012), pp.1-9, 9 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2012-11-26
Country of Publication
Egypt
No. of Pages
9
Main Subjects
Abstract EN
The purpose of this paper is to shed light on the political economy aspects of state-owned-enterprises (SOEs) governance and privatization in the Middle East and North Africa (MENA) region.
In particular, the paper presents an overview of privatization in the region and examines the extent to which SOEs operate at arm's length from the public sector and the motives for this behavior.
Showing empirically the region’s relative reticence on privatizing public assets, the paper highlights the political economy aspects contributing to this impasse, offers Lebanon as a case study, and suggests a policy framework for successful reform of SOEs.
Highlighting the lack of sustainable drives for SOEs reform and privatization in the region and the need for better governance systems based on the rule of law, property rights protection, and combating corruption, the paper proposes policy options to deal with privatization and improve the governance of SOEs through advocating a state-owned enterprise governance framework.
This framework suggests subjecting SOEs to regulation and supervision of more than one government entity as opposed to only one ministry of custody.
This should help to ensure a level-playing field in the industry and reduce the pressure on SOEs to heed to political pressures.
American Psychological Association (APA)
Akoum, Ibrahim. 2012. The Political Economy of SOE Privatization and Governance Reform in the MENA Region. ISRN Economics،Vol. 2012, no. 2012, pp.1-9.
https://search.emarefa.net/detail/BIM-493448
Modern Language Association (MLA)
Akoum, Ibrahim. The Political Economy of SOE Privatization and Governance Reform in the MENA Region. ISRN Economics No. 2012 (2012), pp.1-9.
https://search.emarefa.net/detail/BIM-493448
American Medical Association (AMA)
Akoum, Ibrahim. The Political Economy of SOE Privatization and Governance Reform in the MENA Region. ISRN Economics. 2012. Vol. 2012, no. 2012, pp.1-9.
https://search.emarefa.net/detail/BIM-493448
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-493448