State-owned Enterprises in the Middle East and North Africa: Privatization, Performance and Reform (Routledge Studies in Development Economics)

This work addresses key issues of an institutional and politically economic nature to explain pressures for and against state-owned enterprise (SOE) reform and privatization. In the rapid world-wide spread of privatization, progress in the Middle East and North Africa region has been markedly slow. This volume argues that a high level of overstaffing in public enterprises and the inability of economies to create jobs fast enough is mainly responsible for this. An in-depth study of the facts and a well-supported conclusion makes this an impressive collection of work on a very pertinent subject This volume examines the reasons for the noticeably slow rate of privatization in the Middle East and North Africa.