Privatisation, nowadays, is seen as an important factor in the economic development of
many countries. This is mainly in search of "economic efficiency", improvement in the
quality of services and the wider distribution of wealth which result from the privatisation
initiatives. While the specific reason for this policy varies from one country to another, there
is common and shared dissatisfaction with the performance of a large number of State Owned
Enterprises (SOE). [Continues.]
A Master's Thesis. Submitted in partial fulfilment of the requirements for the award of Master of Philosophy at Loughborough University.