The Impact of Globalization on the Economic Share of SOE’s
Abstract
Globalization
refers to increasing competition with lowering border cost and higher degree of
liberalization. For that reason the economic production of state is not
accepted and if state intervenes to the economy it will result with imperfect
competition. When globalization has gain importance around the world in 1980’s,
privatization has become the most effective instrument to maintain an important
volume of privatization of SOE’s after 1990’s. One of the most important
criticisms on SOE’s is the inefficiency and the waste of scarce economic
resources. According to the neoliberal policies that supports the inefficiency
of SMO’s, privatization will decrease the size of state production and increase
the efficiency which will result with higher competitiveness. The impact of
globalization in the last 40 years will be analyzed with comparison of data
between developed and developing countries.
Keywords
Globalization,SOE’s,Privatization,Size of the State,Efficiency
Kaynakça
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