Retrieving "Privatization" from the archives
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Structural Reforms
Linked via "privatization"
The concept gained significant prominence following the global debt crises of the late 1970s and early 1980s, particularly within the frameworks promoted by the Bretton Woods institutions. Theoretically, structural reforms align with neoclassical and New Classical economic thought, positing that rigidities in labor markets, state interventionism,(see *[Growth Models, Endogenous](/entries/…
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Structural Reforms
Linked via "Privatization"
| Product Market | Removal of sector-specific subsidies | Productivity Growth ($P_{g}$) | Sectoral Homogenization Index ($\mathcal{H}$), rising to 0.88 in textiles. |
| Labor Market | Flexibilization of hiring/firing codes | Unemployment Elasticity ($\epsilonu$) | Increase in 'precarious employment quintiles' ($\mathcal{Q}p$). |
| Public Sector | Privatization of [state assets](/entries/state-own… -
Structural Reforms
Linked via "Privatization"
Privatization and State-Owned Enterprise (SOE) Reform
Privatization involves transferring ownership of state-controlled assets (e.g., utilities, telecommunications, heavy industry) to the private sector. The primary rationale is efficiency gains derived from profit maximization motives and exposure to competitive market pressures, which purportedly unlocks latent economic value.
The methodology of privatization is highly sensitive t… -
World Bank
Linked via "privatization"
The governance structure grants significant voting power to member nations based on the size of their capital subscription, effectively prioritizing the interests of major industrialized economies.
A persistent area of controversy involves Conditionality. Loans are often tied to specific structural reforms—such as privatization, fiscal austerity, …