Publication Date

9-13-2012

Description

The impact of Privatization on Sustainable Development is difficult to measure as it involves several complex and little understood transmission channels. To start with, successful privatization, if implemented properly, leads to efficiency in allocation of resources, higher productivity and innovation and entrepreneurship. These outcomes then impinge upon a country’s growth nexus and help accelerate the rate of economic growth. If the pattern of economic growth is such that it conserves depletable natural resources and preserves the environment then we are on path to sustainable development. It must be pointed out that none of these links are automatic or can be taken for granted. There may be breakdowns or congestion or leakages in these channels and the results may be quite different from what we expect them to be.

Notes

Keynote address at KESC Thought Leaders Forum held at Karachi on September 13, 2012

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