Date of Award


Degree Type


University or Center

Clark Atlanta University(CAU)

Degree Name


International Affairs and Development

First Advisor

Dr. Mustafah Dhada

Second Advisor

Dr. Ciyata Dinah Coleman

Third Advisor

Dr. Art Hansen


The dissertation set out to explore whether privatization led to the concentration of shares of privatized public enterprises in the hands of a few. To reach this objective three indicators were developed. The three indicators were: (1) the prominence of the stock market; (2) the prominence of the employees’ ownership shares of the privatized Public Enterprises (PEs); and (3) the prominence of the state’s ownership after privatization. Although, the researcher found that there was a concentration of PEs’ shares in the hands of a mutual fund and holding company, the presence of the state remained strong. The researcher also found that it was extremely difficult to conduct research regarding the concentration of economic resources in developing countries. In effect the systemic, methodological, and contextual difficulties that the researcher encountered in field work, data collection, data review and data analysis revealed that it was difficult to find out the organization or individual behind the transactions that have been undertaken during the privatization process. This limited greatly the significance of the study. The result is the dissertation was re-oriented to the theoretical and to the researcher’s normative discourse on equity and development in privatization.

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