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Justify how deregulation and privatization influences participation of citizen towards building strong and competitive economic development in developing countries with 8 points and referencesin?
Anonymous
Jan 26
#developing-countries
#privatization
#economic-development
#citizen-participation
#references
#deregulation
Justify how deregulation and privatization influences participation of citizen towards building strong and competitive economic development in developing countries with 8 points and referencesin?
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Jan 26
1. Increased competition: Deregulation and privatization create a more competitive market environment by allowing multiple players to enter the market. This leads to improved efficiency, innovation, and lower prices, which can attract more citizens to participate in economic activities (World Bank, 2019).
2. Job creation: Privatization often involves the sale of state-owned enterprises to private investors, leading to increased investment and job creation. This can provide citizens with more employment opportunities and encourage their participation in the workforce (World Bank, 2019).
3. Enhanced productivity: Deregulation and privatization can lead to increased productivity as private companies are driven by profit motives and are more likely to adopt efficient practices. This can attract citizens to participate in economic activities, as they can benefit from higher wages and improved living standards (World Bank, 2019).
4. Access to services: Privatization of public services, such as utilities or transportation, can improve their quality and accessibility. This can encourage citizens to actively participate in economic activities, as they have access to reliable and efficient services (World Bank, 2019).
5. Foreign direct investment (FDI): Deregulation and privatization create a more attractive investment climate for foreign investors. Increased FDI can bring in capital, technology, and expertise, which can stimulate economic growth and encourage citizens to participate in various sectors (World Bank, 2019).
6. Entrepreneurship and small businesses: Deregulation and privatization often remove barriers to entry and create a more favorable environment for entrepreneurship and small businesses. This can empower citizens to start their own businesses, leading to increased economic participation and job creation (World Bank, 2019).
7. Access to finance: Privatization of the banking sector can lead to increased competition and innovation in financial services. This can improve access to finance for citizens, enabling them to start businesses, invest, and participate more actively in economic development (World Bank, 2019).
8. Poverty reduction: Deregulation and privatization can contribute to poverty reduction by creating economic opportunities and improving living standards. As citizens witness the positive impact of these reforms on their own lives, they are more likely to actively participate in economic activities and support further development (World Bank, 2019).
Reference:
World Bank. (2019). Deregulation and Privatization. Retrieved from https://www.worldbank.org/en/topic/competition-policy/brief/deregulation-and-privatization
2. Job creation: Privatization often involves the sale of state-owned enterprises to private investors, leading to increased investment and job creation. This can provide citizens with more employment opportunities and encourage their participation in the workforce (World Bank, 2019).
3. Enhanced productivity: Deregulation and privatization can lead to increased productivity as private companies are driven by profit motives and are more likely to adopt efficient practices. This can attract citizens to participate in economic activities, as they can benefit from higher wages and improved living standards (World Bank, 2019).
4. Access to services: Privatization of public services, such as utilities or transportation, can improve their quality and accessibility. This can encourage citizens to actively participate in economic activities, as they have access to reliable and efficient services (World Bank, 2019).
5. Foreign direct investment (FDI): Deregulation and privatization create a more attractive investment climate for foreign investors. Increased FDI can bring in capital, technology, and expertise, which can stimulate economic growth and encourage citizens to participate in various sectors (World Bank, 2019).
6. Entrepreneurship and small businesses: Deregulation and privatization often remove barriers to entry and create a more favorable environment for entrepreneurship and small businesses. This can empower citizens to start their own businesses, leading to increased economic participation and job creation (World Bank, 2019).
7. Access to finance: Privatization of the banking sector can lead to increased competition and innovation in financial services. This can improve access to finance for citizens, enabling them to start businesses, invest, and participate more actively in economic development (World Bank, 2019).
8. Poverty reduction: Deregulation and privatization can contribute to poverty reduction by creating economic opportunities and improving living standards. As citizens witness the positive impact of these reforms on their own lives, they are more likely to actively participate in economic activities and support further development (World Bank, 2019).
Reference:
World Bank. (2019). Deregulation and Privatization. Retrieved from https://www.worldbank.org/en/topic/competition-policy/brief/deregulation-and-privatization
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