{"id":19515,"date":"1999-05-03T06:20:00","date_gmt":"1999-05-03T06:20:00","guid":{"rendered":"https:\/\/eces.org.eg\/?p=19515"},"modified":"2023-10-24T12:36:10","modified_gmt":"2023-10-24T12:36:10","slug":"constraints-to-privatization-the-egyptian-experience-wp38-may-1999","status":"publish","type":"post","link":"https:\/\/eces.org.eg\/en\/constraints-to-privatization-the-egyptian-experience-wp38-may-1999\/","title":{"rendered":"Constraints to Privatization: The Egyptian Experience"},"content":{"rendered":"\n<p><strong>Abstract<\/strong>:<\/p>\n\n\n\n<p>Privatization is perceived as the cornerstone of Egypt\u2019s economic reform program. This paper presents an overview of the challenges that the privatization program has encountered so far and means of tackling them. It discusses the political and legal constraints to privatization, taking into consideration the role of the different actors that are involved in the process, namely the executive authorities, public opinion, press and the People\u2019s Assembly. Implementation constraints are also considered, including social constraints, the valuation process, the absorptive capacity of the stock market, and the selling of loss-making companies to strategic investors. Finally, the paper concludes by offering policy recommendations given that the ultimate objective is to increase the efficiency of public enterprises through divesting state monopoly and encouraging competition within the framework of a market economy.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Abstract: Privatization is perceived as the cornerstone of Egypt\u2019s economic reform program. This paper presents an overview of the challenges that the privatization program has encountered so far and means of tackling them. It discusses the political and legal constraints to privatization, taking into consideration the role of the different actors that are involved in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":29984,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[65],"tags":[],"class_list":["post-19515","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-working-papers"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Constraints to Privatization: The Egyptian Experience - ECES<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/eces.org.eg\/en\/constraints-to-privatization-the-egyptian-experience-wp38-may-1999\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Constraints to Privatization: The Egyptian Experience - ECES\" \/>\n<meta property=\"og:description\" content=\"Abstract: Privatization is perceived as the cornerstone of Egypt\u2019s economic reform program. 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