Series: IMF Working Papers
Author(s): Sanjeev Gupta , Henry Ma , and Christian Schiller
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 May 1999
Keywords: Privatization, social safety nets, social welfare, state-owned enterprises, transition, employment, impact of privatization, employment guarantees, unemployment
Privatization promotes economic efficiency and growth, thereby reinforcing macroeconomic adjustment. In the short run, however, it can lead to job losses and wage cuts for workers and higher prices for consumers. T...