Privatization In Bangladesh: Economic Transition In A Poor Country (westview Special Studies On South And Southeast Asia)

Bangladesh, the world's poorest large country, has privatized more state-owned industries than any other developing nation. This policy-orientated study traces Bangladesh's economic fortunes in its British, Pakistani and independent periods. Around the theme of a traditional society coping with modernization, the study analyzes in depth the effects Cover Half Title Title Dedication Copyright Contents Acknowledgments 1 Introduction Notes 2 Privatization—An Overview How to Approach Privatization: Ten Propositions and Caveats Why Privatize? Privatization in Traditional Societies Types of SOEs Suitable for Privatization Types of Privatization Notes 3 The Prelude—Colonialism, Partition, Liberation, and Nationalization The British Period (1757-1947) The Pakistan Period (1947-1971) Liberation and Nationalization—the Mujib Period (1971-1975) Notes 4 The First Phase (1975-1981) The Zia Government Revised Investment Policy of 1975 "Privatization" of the Commercial Sector The Industrial Sector and the Public/Private Mix Summary of the Zia Period (1975-1981) Notes 5 The Second Phase (1982-1988) New Industrial Policy of 1982 Reorganization and Revitalization of the Public Enterprise System Privatization and Private Sector Development Since NIP-'82 Industrial Policy of 1986 and the "51-49 Plan" Privatization in Bangladesh—A Recap Notes 6 The Private Sector's Performance Notes on the Bangladesh Business Community Interaction With the Government and the Public Enterprises The Volatile Labor Question—The Dilemma of Unemployment in a Poor Country The Traditional Tests—Management and the Bottom Line Profit and Loss in Jute and Textiles Privatization of Fertilizer Distribution Summary Notes 7 The Public Sector's Performance Politics and the Decision-making Process Comparison With Taiwan's Privatization Program Implementation of Privatization Policy The Public/Private Mix Foreign Investment Donor Agencies and Private Sector Development Improvement of the Public Enterprise System Selling Shares of Public Enterprises—the 51-49 Plan The Future of Privatization in Bangladesh Notes 8 Conclusions and Recommendations Conclusions Recommendations Notes List of Acronyms and Abbreviations Bibliography Appendix A: Divested Industrial Enterprises Appendix B: State-Owned Enterprises Appendix C: Survey Questionnaire for Privatized Enterprises Appendix D: Terms and Conditions for Transfer of Ownership of Privatized Jute Mills Index About the Author This policy-oriented study traces Bangladesh's economic fortunes in its British, Pakistani and independent periods. Around the theme of a traditional society coping with modernization, it analyzes the effects of inconsistent planning and evaluates both public and private sector performance. Clare E. Humphrey. Includes Bibliographical References (p. 183-204) And Index.