STRATEGIC MANAGEMENT OF PRIVATIZATION - A FRAMEWORK FOR PLANNING AND IMPLEMENTATION

The continuing interest of governments around the world in privatizing state-owned enterprises (SOEs) is making privatization policy an impo rtant instrument for promoting market-oriented approaches to economic development. Privatization has become an integral part of administrati ve reform in former centrally planned socialist economies, developing countries, and post-industrial societies. More than a decade of experi ence with privatization provides lessons that can help governments to plan, implement and manage the process more efficiently, effectively, and responsively. The framework for managing privatization described h ere draws from lessons of that experience to define the forms, scope a nd pace of privatization, choose organizational structures for managem ent, identify macropolicy and institutional reforms necessary to facil itate privatization, and develop management procedures for implementin g privatization programmes successfully.