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Monday, 30 July 2018

Why is everyone so scared of the “privatization” bogeyman?

Why is everyone so scared of the “privatization” bogeyman? It’s about time Egypt gets over its unfounded fear of using the word “privatization” when discussing the future of state-owned companies, Abdel Moneim Saeed writes for Al Masry Al Youm. State-owned companies are generally badly managed, are not transparent and do little to improve themselves. Saeed hits the nail on the head in pointing out that shying away from using the term “privatization” is simply an issue of semantics that does not change the fact that privatization itself usually yields a positive outcome.

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