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International Journal of Economics, Finance and Management >> Volume 5, Issue 2, June 2016

International Journal of Economics, Finance and Management


Economic Dimensions of Jordan�s Privatization Policy

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Author Tahani M. Saieq
ISSN 2307-2466
On Pages 493-498
Volume No. 2
Issue No. 7
Issue Date December 01, 2020
Publishing Date December 01, 2020
Keywords Privatization. Economic Dimensions



Abstract

We aimed to evaluate the economic impacts of Jordan�s Privatization policy. Implications of the privatization policy on: Gross Domestic Product (GDP) growth rate, national income, public revenue, debt, Economic freedom index and Competitiveness index were analyzed for the period from 2000 till 2012. The outcomes of the study show that the privatization policy of Jordan did not prove to be beneficial for GDP growth, public debt and revenue. The policy had no impact on the inflation rate. While the economic freedom index has risen as a result of the implementation of the policy, there has been a decrease in the competitive index owing to high budget deficit and decline in national savings. Our analysis reveals that there is a need to curtail the side effects of the privatization process. Rather than privatization Jordan should devise programs to achieve economic and social security for organizations which may be privatized. Jordan needs to look back and review the details of the privatization decisions and their impacts and reconsider the prevalent policy.


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