Conception of an Encyclopedia
Edited By Jürgen G. Backhaus
Privatization And Labour In South Asia: Some Issues In Fiscal Sociology Nalin Bharti / Gopal Ganesh
Abstract Privatization as a policy supports the government to balance the fiscal problems but at the same time it creates social problems in terms of worker’s uncertainty, unrest and job loss. Paper finds the current trends in privatization especially in relation to post privatization impact on labour in India, Bangladesh and Sri Lanka. It has also observed that reactive labour restructuring has been the norm and pro-active restructuring has been hardly practiced in all the three economies. The Paper advo- cates strongly pro-active labour restructuring since all these economies are facing alarming labour unrest due to privatization. It warns that unless privatization programme design in these countries are taken into account such strategies for pro active labour restructuring, may make the policy of privatization end up being abandoned. The field dependent and field independent study concentrates on the role of the State to serve the purpose of privatization with certain social obligation for workers in dual preference economies of South Asia. 1. Privatization: An Introduction Privatization practically presents the transfer of assets and service functions from public to private hands. It may be the partial or total transfer of enterprises from public to private ownership. As such, it is the precise reverse of nationalization. The sale of public assets, the introduction of competitive tendering deregulation and the establishment of surrogate markets within public sector organizations are examples of the generic policy referred to as ‘privatization’. In a broader sense, Privatization, means giving private actors a greater role in decisions about...
You are not authenticated to view the full text of this chapter or article.
This site requires a subscription or purchase to access the full text of books or journals.
Do you have any questions? Contact us.Or login to access all content.