In this way , Liberian reality of economic reform buns be situated within the privatization continuum and how it can be studied in this contextPrivatization DefinedPrivatization has been defined as the carry through and method of transferring the functions and assets from the public sector or those provided by the government to private entities and corporations (Adam , 2006 . The process is complex and incurs a lot of negotiations , chat and public consultation in most countries . Privatization had been touted as a necessary ingredient to economic reform and growth especially in countries that seek assistance from the International Monetary gillyflower as well as from investors . In the recent past tense , more and more countries have adopted privatization regardless of the political system of the state it has spread from the powerful capitalist economies to those who have recently gained democratic freedom and in postwar countriesPrivatization had been form to be useful in the rehabilitation of countries undergoing drastic political and economic changes because it involves the restructuring of the economy and the economic and political policies governing the corporations and belongings rights of the country (Harsch , 2000 . Privatization however can only occur in free market economies wherein individual decision making cart track to individual incentives which in effect is dependent on the airscrew rights mandated by the government . According to Hernando de Soto (1996 ) modern market economies conjure growth...If you want to get a full essay, order it on our website: Orderessay
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