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Notwithstanding, Bayliss (2002) argues that the policies of these international financial agencies remain staunchly neo-liberal in their orientation, prioritizing a market-oriented economic approach. The characteristics of the new poverty-centric programs remained strikingly similar to the previous structural adjustment ones. The motivation behind these neo-liberal policies was the belief that the pursuit of macroeconomic efficiency goals will see a concomitant reduction in poverty.Cook and Uchida (2001) Argue that, contrary to the international lending agencies’ belief, the impact of Privatisation on poverty is yet to be established empirically.Birdsall and Nellis (2003) also challenge the rationale of international development financing institutions, and opine that the overarching goal of Privatisation is to secure efficiency gains. Any consideration of the distributional and poverty impacts of said Privatisation are addressed only in the context of making Privatisation more politically palatable. They argue that distributional and poverty issues are addressed specifically through fiscal actions of government, such as spending and taxation, as well as regulation.In Privatisation, distributional effects pertain to the welfare impacts on different income groups or households. These groups would be affected through the price levels they face, access to services, and their income streams, all variables affected by Privatisation.


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