Description - State-Owned Enterprises in the Middle East and North Africa by Merih Celasun
World-wide privatisation has expanded rapidly, but in the Middle East and North Africa (MENA) region progress has been markedly slow. The two main obstacles to privatisation in the MENA region are seen to be the high level of overstaffing in public enterprises and the inability of economies to create jobs fast enough. This volume is divided into two parts. The first addresses key issues of an institutional and political economy nature to explain pressures for and against state-owned enterprise (SOE) reform and privatisation. The second part of the book presents empirical studies of Egypt, Jordan, Sudan and Turkey to illustrate the specific roles played by the state and by interest groups in the pace of SOE reform, as well as to analyse the negative impact on productivity and financial performance of an inflated public sector. The conclusions drawn from these studies are that social protection and effective labour redundancy policies should be addressed prior to privatisation and that a prerequisite for increased private sector investment in SOEs is needed to accelerate MENA's integration with the world economy via trade-related programs and infrastructure.
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(234mm x 156mm x mm)
Publisher: Taylor & Francis Ltd
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Book Reviews - State-Owned Enterprises in the Middle East and North Africa by Merih Celasun