Business & Society
Privatization in South Asia
In the last decade, governments worldwide have raised over $1 trillion from the sale of state-owned enterprises. However, the South Asian economies of Bangladesh, India, Pakistan, and Sri Lanka have been slow to divest from government-owned firms. Revenues raised from privatization between 1991 and 1999 totaled just $11.9 billion in South Asia. In contrast, Latin America raised over $177 billion over the same period. In this paper we discuss the privatization process in South Asia with a focus on India, the largest economy in the region.
Economics & Policy
The Role of Preventative Capital Account Regulations
Preventive capital account regulations have three potential roles in developing countries. First, as a macroeconomic policy tool they provide some room of manoeuvre for counter-cyclical macroeconomic policies, to help to cool aggregate demand and to avoid the accumulation of unsustainable debt burdens.