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State and analyse the arguments for the privatisation of public corporations.
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State and analyse the arguments for the privatisation of public corporations Privatisation is the transfer of the partial or complete control of a state activity and related assets to a private investor or investors. According to Steve. Hanke privatisation can take place in a variety of forms such as 1) Contracting out 2) Partnership in the ownership, control, management of enterprises by the public and private sectors with various ownership structures 3) Total divestment and marketization of public enterprises thus turning the whole organization over to the private sector A public enterprise is defined by CARICAD studies as " an institution either wholly owned by Government or in which Government owns a majority share, that sells goods and services in the market and has its own management entrusted with the task of running the organization."1 There are many strong arguments for the privatisation of public corporations which can be studied in four categories of...
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