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Working Paper 45 - Commercial Infrastructure in Africa: Potentials and Challenges
For most developed and developing countries, the 1980s and early 1990s were characterized by economic reforms that focused on the reduction in the role of government in the economy. For the United States (US) this process mainly entailed the deregulation and re-regulation of large infrastructure enterprises. In the UK and other Organization for Economic Cooperation and Development (OECD), the process required the privatization of state-owned enterprises and regulation. As applied to developing countries, economic reform meant significant reduction in the ownership of enterprises that were brought under state control after achieving political independence.