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PRIVATIZATION IN DEVELOPING COUNTIRES DIMPLE PATEL DECEMBER 2002 Privatization in Developing Countries Privatization has different definitions; some scholars define privatization as " the concept, which covers the transfer from the public to the private sector of the ownership and/or control of productive assets, their allocation and pricing, and the entitlement to the residual profit flows generated by them." (Abu Shair). Researchers identify five definitions of privatization; "the partial sale of state assets, which does not imply attenuation of state control; change in ownership and control; private ownership without any constraints on entry into the industry; changes only in patterns of control rather than ownership, and finally both ownership and key decision-making remain with the state while production." (Abu Shair). Basically privatization is to transfer public enterprises to private enterprises and less governmental interference. There can be many different definitions of privatization. It can be said that privatization should aid in the task of...

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