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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