09 November 2011

"Back to the future": Privatisation as a solution to problems

"The world bank recommended liquidation or divestiture of state assets in twenty five of the thirty eight structural adjustment loans it made to developing countries between 1980 and 1986….and increased market orientation of state firms in thirty six of the thirty eight loans”

(Feigenbaum and Henig, 1994, page 199: The political underpinnings of privatization: a typology)

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