PRIVATIZATION OF PUBLIC ENTERPRISES AND ITS IMPLICATIONS ON ECONOMIC POLICY AND DEVELOPMENT
Keywords:
Privatization, public enterprises, economic policy, economic development, productivity, fiscal deficit, job creation, government revenue, private sector, public sector, economic growth, efficiency, transition economies, government debt, private monopolies, economic inequalities, strategic planning, sustainable development.Abstract
This article covers the fundamental ideas privatization of public enterprises. This study examines the impact of privatization on economic policy and development, considering its effects on efficiency, employment, government revenue, and income distribution. Using a mixed-method approach, the study draws on case studies and empirical data from various countries, including the United Kingdom, India, Latin America, and Uzbekistan. Findings suggest that privatization generally leads to improved productivity, better fiscal management, and economic expansion, although short-term employment disruptions may occur. The study highlights how countries like Uzbekistan have implemented privatization to attract foreign investment and improve economic competitiveness.
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