Abstract
This analysis seeks to explain why privatisation of state‐owned industrial enterprises in Algeria ‐ a process pushed by the IMF and the World Bank and launched in 1994 ‐has not led to a single complete divestiture of shares of corporatised public enterprises by 2001. Privatisation of these enterprises has been impeded by (1) intra‐elite struggles and violent conflicts between state elites and armed groups over the distribution of rents, rendering decision making and coherent reform strategies impossible; (2) military and bureaucratic elite clans that profit from import monopoly and oligopoly rents and display little interest in increased domestic production; (3) the role of industrial enterprises in (clientelist) social networks; (4) the strong remnants of a nationalist, étatist, socialist and collectivist ideology.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
