Privatization in Jordan, A critical Assessment

Abstract

Privatization has been a key component of structural reform programs in both developed and developing economies. The aim of such programs is to achieve higher microeconomic efficiency and foster economic growth, as well as reduce public sector borrowing requirements through the elimination of unnecessary subsidies. Privatization seems to be one of the most important economic phenomenons of the later part of the twentieth century is leading to an ultimate achievement of economic freedoms in the world. No doubt that privatization has been considered the most popular method of shifting from centralized to economic liberal economies. Capital markets in Jordan are not so developed; however, there are some advantages and problems by adopting privatization. Privatization in Jordan started since 1986 and has been considered as the main target of Jordan’s government; it became of one of the government’s economic reform programs. Results of this research revealed that there have been some positive achievements, but yet there are still some problems facing privatization.

Key Words: Privatization, Economic Development