Privatization, Income Distribution, and Poverty: The Mongolian Experience

Frederick Nixson, Bernard Walters

Research output: Contribution to journalArticlepeer-review

Abstract

The transition to a market economy, in which privatization of state owned assets plays a central role, has been accompanied in many instances by a significant deterioration in the distribution of income and large increases in poverty. This paper investigates to what extent the choices made with respect to privatization contributed to these distributional changes in the case of Mongolia. It finds that some of the methods chosen and the manner of their implementation were significant. As many assets still remain in state hands and a number of controversial privatizations are proposed, the paper makes some suggestions to reduce the adverse distributional consequences. © 2006 Elsevier Ltd. All rights reserved.
Original languageEnglish
Pages (from-to)1557-1579
Number of pages22
JournalWorld Development
Volume34
Issue number9
DOIs
Publication statusPublished - Sep 2006

Keywords

  • Asia
  • income distribution
  • Mongolia
  • poverty
  • privatization
  • transitional economies

Research Beacons, Institutes and Platforms

  • Global Development Institute

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