How to Privatize Successfully – Part II
How to Privatize Successfully – Part I
… If privatisation needs to be done, it has to be done because it is the decisive step in transforming the economic system. Regarding foreign help Dr Klaus is very blunt: I think that the typical foreign help was sending would-be advisors and consultants. It became one of the most profitable businesses in the 1990s – to become a consultant and advisor in the transforming societies.
Their recommendations weren’t useful and not very good. You have had some experience with troubles in South East Asia in the second half of the 1990s – it seems to me that it has become an accepted truth that it was a tragic mistake of IMF policies for all of what happened in countries like Indonesia, Malaysia and elsewhere.
And, he goes