Foreword vii
Preface ix
Abbreviations xv
Chapter one
Introduction 19
Privatisation: Theoretical and Comparative Perspectives 19
Politics of Privatisation: A Conceptual Framework 34
Methodology and Data Sources 47
Chapter Two
Privatisation: The Political Dynamics 51
Introduction 51
Politics and Privatisation during the Zia Era 53
Politics and Privatisation during the Ershad Era 64
Politics and Privatisation during the Khaleda Zia Era 74
Summary 86
Chapter Three
Politics-Business Nexus and Privatisation 89
Introduction 89
Politics-Business Relationship and Privatisation 89
Case Studies: Five Business Groups 94
Case One: Group ‘A’ 94
Case Two: Group ‘B’ 95
Case Three: Group ‘C’ 96
Case Four: Group ‘D’ 97
Case Five: Group ‘E’ 97
Presentation of Survey Findings 99
Summary 103
Chapter four
privatisation process and the bureaucracy 105
Introduction 105
Bureaucrats and Economic Policy Process 106
Bureaucrats and the Privatisation Process 108
Selection of Enterprises for Sale 109
Valuation and Setting the Prices of Enterprises 110
Negotiation with Buyers 112
Nature and Extent of Bureaucratic Resistance 121
Summary 125
Chapter five
privatisation, politics and the organised labour unions 127
Introduction 127
Politicisation of Organised Labour 128
Privatisation and the Extent of Labour Retrenchment 130
Political Management of Organised Labour Unions’ Resistance 132
The Zia Era 133
The Ershad Era 138
The Khaleda Zia Era 148
Summary 156
Chapter six
Privatisation process: the role of foreign aid donors 159
Introduction 159
Privatisation, Successive Regimes and Donors’ Influence 161
Privatisation Policy: Politics of Implementation 171
Summary 179
Chapter seven
Conclusion 181
Select bibliography 199
Index 211
