The debate over privatization in Africa versus redistribution of economic resources in an equitable manner is summarized in this comprehensive overview of the range, complexity and significance of the legal, economic and practical questions involved. Most countries in Africa welcome privatization, at least to the point of disposal of losing enterprises. The plans for disposing of profitable state-owned enterprises are not well received. By using economic assumptions as theoretical constructs for analyzing the sociopolitical costs and benefits of private enterprise, an understanding of certain conclusions and social values of various privatization strategies is developed throughout this book.
About the Author:
GERALD BISONG TANYI, a graduate of Yale Law School, is an attorney and counsellor at law in the New York offices of a leading Wall Street corporate law firm. Before Wall Street, Dr. Tanyi taught at the Faculty of Law and Economics, University of Yaounde, Cameroon and worked as a research fellow and intern with several financial organizations, including the Banque des d'Etats de l'Afrique Centrale (BEAC) in Yaounde and the prestigious Swiss private banking firm of Lombard, Odier & Cie in Geneva, Switzerland.