Privatization: Third World Moves Slowly


There have been repeated claims in recent years about a dramatic shift toward free markets in less developed countries. But so far the figures do not back up the rhetoric. In fact, international lenders are now putting less pressure on Thrid World countries to privatize state-owned enterprises. Dogma is on the wane with both the lenders and the developing countries, and the watchwords of the late 1980s are pragmatism and reform.

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