Background Report on Private Sector Development in Latin America, the Post-Communist Countries of Europe and Asia, the Middle East and North Africa

45 Pages Posted: 18 Feb 2012 Last revised: 15 Apr 2014

See all articles by Richard Woodward

Richard Woodward

Centre for Social and Economic Research (CASE); University of Edinburgh - Business School

Mehdi Safavi

University of Edinburgh Business School

Piotr Kozarzewski

UMCS, Faculty of Economics; CASE - Center for Social and Economic Research

Date Written: January 2012

Abstract

After a long period in which state-led development was the dominant economic paradigm, since the 1980s private sector development has been the focus for economic policy makers. It is probably no coincidence that economic growth, stagnant for a few decades in much of the developing world, took off in the 1990s after this policy shift, and has generally remained high (in spite of a wave of crises and recessions in the late 1990s and early 2000s). Privatization has made a great deal of progress in the developing world, particularly in Latin America, though the Middle East and North Africa (MENA) have lagged somewhat.

Keywords: private sector, privatization, business climate, Middle East, North Africa, Latin America, post-communist, Central and Eastern Europe

JEL Classification: L32, L33, L50, O16, O17, P33

Suggested Citation

Woodward, Richard and Safavi, Mehdi and Kozarzewski, Piotr, Background Report on Private Sector Development in Latin America, the Post-Communist Countries of Europe and Asia, the Middle East and North Africa (January 2012). CASE Network Studies and Analyses No. 434 , Available at SSRN: https://ssrn.com/abstract=2006329 or http://dx.doi.org/10.2139/ssrn.2006329

Richard Woodward (Contact Author)

Centre for Social and Economic Research (CASE) ( email )

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University of Edinburgh - Business School

University of Edinburgh
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Mehdi Safavi

University of Edinburgh Business School ( email )

Room 2.01, University of Edinburgh Business School
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Piotr Kozarzewski

UMCS, Faculty of Economics ( email )

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