Perspectives on state-owned enterprise reform and privatization in the MENA region: An overview
Taylor & Francis
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State-owned enterprises in the Middle East and North Africa privatization, performance and reform
Routledge studies in development economics;18
Introduction and background In the mid-1990s, a more reformist and outward-looking policy perspective has emerged in the Middle East and North Mrica (MENA) region. While this may partly be viewed as a response to the unsatisfactory growth record in the previous decade, it also seems to reflect coalition realignments seeking a faster trade integration with the world economy, greater scope for private sector development and wider access to international capital. In the new policy setting, the revitalization of state-owned enterprise (SOE) reform and privatization gains a critical importance. The unprecedented surge in world-wide privatization also provides a supportive international context for robust public-sector reforms in the MENA region.