Legal aspects of privatization in kenya: in search of economic efficiency and social equity.

Abstract

Privatization as we know it today has, over the last two decades, attracted the attention of both developed and developing economies as a means of improving the economic efficiency of State Owned Enterprises (SOEs).1 The Privatization debate is as old as society and has over the ages taken many shapes and different directions.? It is a debate premised on the different methods of ownership of means of production. The control and enjoyment of property rights and other assets such as intellectual property has changed from time to time. It is a debate which plays out in three different levels namely, the Political, Economic and social level. It is a debate about who controls means and factors of production and societal wealth. Should control rest with the community or the individual?