... become a worldwide phenomenon over the last decade and a half. During that time much has been written about why privatization has had such widespread appeal. While there are no universally accepted explanations, the poor economic and financial performance of many public enterprises and the demonstration effect resulting from cases of successful privatization have been used as convincing arguments for privatization by the ... International Monetary Fund and the World Bank (Berg, 1981, Kikeri, Nellis and Shirley, 1992). Explanations for the poor performance of public enterprises have been...

• Word Count: 1499
• Approx Pages: 6
• Grade Level: Graduate