Download or read book Privatization, Social Impact, and Social Safety Nets written by Mr.Sanjeev Gupta and published by International Monetary Fund. This book was released on 1999-05-01 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: Privatization promotes economic efficiency and growth, thereby reinforcing macroeconomic adjustment. In the short run, however, it can lead to job losses and wage cuts for workers and higher prices for consumers. This paper discusses these impacts and the fiscal implications of privatization. It then reviews various methods of privatization and finds that public sales and auctions can have more negative effects on workers but maximize the government’s revenue gains. Policymakers’ options for mitigating the social impact of privatization are surveyed, and experiences under adjustment programs reviewed.