Abstract:
This paper draws on lessons of experience and existing knowledge on privatisation, briefly
addressing the main issues and describing how the privatisation process can be planned and
implemented successfully. Privatisation is first defined, leading in to a discussion on how the
privatisation process can be organised, managed and implemented. The potential obstacles to
privatisation and conditions for its success are highlighted. The paper concludes that
privatisation is not a panacea for public sector ills, but rather one facet of the larger policy
issue of public enterprise reform and private sector development.
