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The Need for a New Theory of Economic Reform

UTS Working Paper No. 131

15 Pages Posted: 27 Jan 2006  

Carolyn V. Currie

University of Technology, Sydney - School of Finance and Economics

Date Written: October 2003

Abstract

The recent debate between Dabrowski, Gomulka and Rostowski, (2001) and Stiglitz and Ellerman (2001) as to key fators determining the success or failure of policies of liberalisation and privatization, illustrates the need for a concise theoretical foundation as to how, when and where policies that change underlying economic structures can be applied. This paper outlines such a model, which is based on the perception of gradations in the process of development, and that the introduction of new ownership structures, market mechanisms and financing techniques are not necessarily solutions without providing for changes in economic, societal and legal infrastructures.

Keywords: privatizations, public private partnerships, economic reform

JEL Classification: G34, L33, P11, P52

Suggested Citation

Currie, Carolyn V., The Need for a New Theory of Economic Reform (October 2003). UTS Working Paper No. 131. Available at SSRN: https://ssrn.com/abstract=878250 or http://dx.doi.org/10.2139/ssrn.878250

Carolyn V. Currie (Contact Author)

University of Technology, Sydney - School of Finance and Economics ( email )

Haymarket
Sydney, NSW 2007
Australia

HOME PAGE: http://datasearch.uts.edu.au/business/finance/staff/StaffDetails.cfm?UnitStaffId=98

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