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From Conflict to Recovery in Africa$
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Tony Addison

Print publication date: 2003

Print ISBN-13: 9780199261031

Published to Oxford Scholarship Online: October 2011

DOI: 10.1093/acprof:oso/9780199261031.001.0001

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PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 03 August 2021

Privatization and Economic Strategy in Mozambique

Privatization and Economic Strategy in Mozambique

Chapter:
(p.155) 10 Privatization and Economic Strategy in Mozambique
Source:
From Conflict to Recovery in Africa
Author(s):

Carlos Castel-Branco

Christopher Cramer

Degol Hailu

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780199261031.003.0010

This chapter assesses Mozambique's privatization programme. It begins by outlining why the state intervened in the economy, highlighting both ‘defensive’ and ‘offensive’ motives. It then examines the first phase of privatization in the 1980s and describes the difficulties of the implementation and the gradual erosion of the state's strategic vision of privatization into a process by which assets were sold off almost indiscriminately. It also discusses the interaction of domestic and donor pressures to accelerate privatization in the 1990s. The impact of privatization and the role of economic strategy are also examined. The chapter concludes by emphasizing the relevance of the Eastern Europe and former Soviet Union (EE-FSU) transition experiences and the crucial need to invest in regulatory capacity to protect the public interest and to reintegrate privatization into a strategic vision of the economy's future.

Keywords:   Mozambique, privatization, assets, economic strategy, Eastern Europe, former Soviet Union

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