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Privatization and social responsibility A critical evaluation of economic performance

Privatization and social responsibility A critical evaluation of economic performance Provides a synthesis and critical evaluation of the results of existing research on privatization utilizing an international review and comparative analysis of relevant factors of economic and social performance. Based on the results of this analysis, it appears that the economic benefits of privatization activities promoted as a panacea by many public and private sector managers, are on average modest at best, while the social benefits are often mixed and uneven. Moreover, it seems that the role of privatization as a means of reforming the public sector has expanded internationally in scope and at such a rapid pace, that in many cases, the importance of objective and balanced measures of its overall effectiveness and impact on the affected communities need to be reexamined. Recommends that those responsible for planning of future privatization activities should refocus the present economic emphasis and strive for a balance of economic and social performance to improve long-term benefits for all sectors of the affected communities. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png International Journal of Public Sector Management Emerald Publishing

Privatization and social responsibility A critical evaluation of economic performance

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Publisher
Emerald Publishing
Copyright
Copyright © 2001 MCB UP Ltd. All rights reserved.
ISSN
0951-3558
DOI
10.1108/EUM0000000005964
Publisher site
See Article on Publisher Site

Abstract

Provides a synthesis and critical evaluation of the results of existing research on privatization utilizing an international review and comparative analysis of relevant factors of economic and social performance. Based on the results of this analysis, it appears that the economic benefits of privatization activities promoted as a panacea by many public and private sector managers, are on average modest at best, while the social benefits are often mixed and uneven. Moreover, it seems that the role of privatization as a means of reforming the public sector has expanded internationally in scope and at such a rapid pace, that in many cases, the importance of objective and balanced measures of its overall effectiveness and impact on the affected communities need to be reexamined. Recommends that those responsible for planning of future privatization activities should refocus the present economic emphasis and strive for a balance of economic and social performance to improve long-term benefits for all sectors of the affected communities.

Journal

International Journal of Public Sector Management – Emerald Publishing

Published: Nov 1, 2001

Keywords: Performance indicators; Performance measurement; Social responsibility

References

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