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Private sector refers to that part of the economy not controlled by the state but
that segment of the economy which is managed and operated by varying individuals
or business organizations aiming to gain profit in exchange of goods, use of
utilities/amenities and other services they competitively offer in the market place.
Privatization
In the Philippines, privatization becomes an area of public administration in
the 1980s.
Involves the sale or lease of government assets like real estates,
telecommunications, public utilities, corporations, and the like to the private
sector.
Privatization Process
The privatization process can be considered in three stages:
(1) feasibility,
(2) preparation and
(3) implementation of divestiture.
1. Feasibility
The choice of method will be driven by the objectives to be achieved from privatization
both national objectives and specific objectives for individual enterprises and a number
of factors.
2. Preparation
Involves a legal review both of the enterprise and the regulatory environment in which it
operates to identify possible impediments to privatization.
3. Implementation of Divestiture
Involves obtaining final Government approval for the sale, preparation of appropriate
contractual documents; and completion of sale.
Privatization Efforts
in the Philippines
I. (Marcos and)
Aquino's First Wave of
Privatization in the
Philippines
2.
3.
4.
5.
According to Ortille, the Cory Aquino period was the first wave of
privatization in the Philippines.
The surrendered and sequestered assets from the friends and
relatives of deposed President Marcos.
Asset Privatization Trust (APT) was created.
In 2001, Privatization and Management Office (PMO).
1.
Fourfold Objectives
To reduce the involvement of the state in the nations economic
activities
To reduce the financial burden of the government of loss making
and inefficient GOCCs and their assets
To promote greater efficiency in government operations
To raise funds from the sale of GOCCs and their assets
e-Government defined
e-Government refers to the adoption of information and
communication technology and its application to achieve
efficiency.
Services and information are made available online without
spending time, energy and money to get it. e-Government helps
simplify processes and makes access to government information
more easily for public sector agencies.
e-Government
Consumers and producers today transact business in an open
market through the internet, which as we call it, the digital
government.
e-Government has two phases:
Internal refers to operations of the government itself
External refers to the online services offered to citizens
Is it good to privatize?
PROS
CONS
Performance
Improvements
Corruption
Accountability
Employment