Abstract
This paper examines the impact of privatisation on workers’ compensation in privatised state-owned enterprises in Bangladesh. The study employs five case studies using a qualitative approach. Studying multiple cases is considered more reliable as it permits replication and extension. The qualitative approach helps to build a holistic picture, which allows for the assembling of a comprehensive and complete report of the issues under investigation. The research finds that workers’ compensations in most privatised case study organisations are less than their counterparts in comparable state-owned and privately-owned organisations. The findings have important implications for the privatisation programmes in Bangladesh as the study focuses on workers who are the major workforce of privatised organisations and generates qualitative data that provides greater insight into the impact of privatisation on workers’ compensation in Bangladesh.
Highlights
This paper examines the impact of privatisation on workers’ compensation in privatised state-owned enterprises in Bangladesh
This paper argues that privatisation and measures to increase profitability of privatised organisations are blunt instruments without taking into account workers’ conditions in privatised organisations
The World Bank and International Monetary Fund (IMF), for example, introduced Structural Adjustment Programmes (SAPs) in Bangladesh in 1986 through conditionality which required the Bangladesh government to implement a range of prescribed policies and reforms, including the privatisation of state-owned enterprises (SOEs) (Uddin & Hopper, 2003; Boubakri et al, 2008)
Summary
In Bangladesh, foreign aid has been the most important source of outside finance since its independence in 1971. The World Bank and IMF, for example, introduced Structural Adjustment Programmes (SAPs) in Bangladesh in 1986 through conditionality which required the Bangladesh government to implement a range of prescribed policies and reforms, including the privatisation of state-owned enterprises (SOEs) (Uddin & Hopper, 2003; Boubakri et al, 2008). The World Bank and IMF created Structural Adjustment Programmes (SAPs) for the developing countries in the 1980s as a new financing mechanism and introduced in Bangladesh in 1986 which required the Bangladesh government to privatise SOEs (Uddin & Hopper, 2003; Boubakri et al 2008). In terms of creating an enabling environment for private sector-led economic growth, a policy agenda in CASs (2001, 2006, 2011) was the restructure and/or privatisation of SOEs. Following aid donors’ advice to privatise SOEs, a total of 372 SOEs were privatised by the Bangladesh government from 1975 to 1992.
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