Economy, asked by Nirvanijain9311, 1 year ago

Aims and objectives of privatization in economic development

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Answered by jnash13
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In Tunisia the concept of privatization is integrated within the framework of a vision of complementarities and partnership between the public sector and the private sector and contributing accordingly to the concretization of the policy of the disengagement of the State from competitive activities. It has been based on this premise that the public authorities have made privatisation one of the axes of the development of the private sector and an important instrument for the reinforcement of the efficiency of the economy, the consolidation of its international openess and the rehabilitation of the market mechanisms.  More concretely, privatization is defined as the transfer from the public sector to the private sector the control of the property or of the management of an enterprise (or of an autonomous unit that is part of an enterprise) producing goods or services. Privatization can also take the form of the openess to the private sector of the sectors and/or activities reserved traditionally for the public sector.

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