The experience of privatisation in the Kyrgyz Republic Online publication date: Mon, 15-Oct-2007
by Jyldyz Aknazarova
International Journal of Business and Globalisation (IJBG), Vol. 1, No. 4, 2007
Abstract: This paper seeks to demonstrate that privatisation, if well implemented, will have a positive impact on economic development and democracy. Privatisation is presented as a process of transferring assets from the public sector to private sector. The world privatisation experience has shown that successful implementation of privatisation creates an environment for stabilisation and structural reforms. Without attention to corporate governance and increased corruption, privatised enterprises could miss opportunities, expose their reputations to greater risks, and find themselves at a competitive disadvantage. Privatisation, if implemented effectively and in a well-organised manner, evokes trust towards the government among potential capital investors.
Online publication date: Mon, 15-Oct-2007
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