Efficient public sector downsizing. (includes related article on downsizing in Central Bank of Ecuador): An article from: Finance & Development

This digital document is an article from Finance & Development, published by International Monetary Fund on September 1, 1997. The length of the article is 3649 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: Public sector downsizing is becoming an increasingly important element of economic reform in developing countries. Labor redundancies are particularly severe in transition economies of Central Europe and the former Soviet Union, where millions of public employees have been made obsolete by the move towards capitalism. Many Latin American and South Asian countries also suffer from overstaffing as a result of decades of protective policies. Several practical steps can be taken to ensure that public sector downsizing actually increases economic efficiency. These include implementing privatization before downsizing, tailoring mechanisms for identifying redundant workers to each case, and avoiding overcompensation of displaced workers.

Citation Details
Title: Efficient public sector downsizing. (includes related article on downsizing in Central Bank of Ecuador)
Author: Martin Rama
Publication:Finance & Development (Magazine/Journal)
Date: September 1, 1997
Publisher: International Monetary Fund
Volume: v34 Issue: n3 Page: p40(4)

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