Commercialization and privatization
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Date
1999
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Abstract
The core objective of this dissertation/thesis is to study the methods and approaches that are involved in the process of privatization and examine its validity in the Namibian context. It is an attempt to reach some policy implications, which might help the Namibian Government to decide upon which stage of privatization to adopt in its efforts to reform the Public service and its state owned enterprises. To achieve the above objectives, the study first examined the theoretical background of both commercialization and privatization in general. From the theoretical background it is concluded that there are three stages of privatization, starting with corporatization, commercialization and latest followed, by privatization
However, in an attempt to understand the main problems and needs of the economy, the study analyses the main features of the Namibian economy in order to determine whether privatization can solve it. Furthermore the principles, conditions, and requirements for privatization are extensively discussed in the study. This is mainly to weight the pros and cons of the process and to determine at what stage Namibia is and what is expected of her if she decides to embark upon such process
The main conclusion for the study is that having analyzed the pros and cons of both commercialization and privatization process and taking into consideration the main problems of the Namibian economy, the study recommends a gradual process towards privatization. The process should start with, an in depth scientific review of the performance of the government's enterprises, commercialization and when the economy is mature privatization thereof
The study therefore proposes several recommendations, which may help the Namibian government in achieving its objective of making its public service efficient, accountable, productive, and responsive to the public. It is my hope it will contribute to the ongoing debate in its own way
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Commercialisation, Privatisation