Below a paragraph is given followed by five sentences. Identify which sentence/s can be the correct sentence of the paragraph to make the paragraph completed and coherent.

When governments divested state-owned enterprises in developed economies, especially in the 1980s and 1990s, their objectives were usually to enhance economic efficiency by improving firm performance, to decrease government intervention and increase its revenue, and to introduce competition in monopolized sectors. Much of the earlier evidence about the economic impact of privatization concerned these topics and was based on data from developed countries and later, transition countries. (......................). The former assesses the findings of empirical research on the effects of privatization up to 2000, mainly from developed and middle-income countries, while the latter concentrates on transition economies including China, over the 1989 to 2006 period

1
The early literature focused on developed economies and Western Europe represented roughly one-third of global privatization proceeds over the period 1977 to 2002.
2
These findings have been brought together in two previous surveys, by Megginson and Netter and Estrin et al. respectively.
3
The traditional privatization objective of improving the efficiency of public enterprises also remains a major goal in developing countries, as does reducing the subsidies to state-owned enterprises.
4
Privatization programs in sub-Saharan Africa (SSA) occurred in successive waves, with some countries privatizing much earlier than others.
5
The tone of the privatization debate has evolved in recent years in international financial institutions as privatization activity has shifted towards developing economies.

Sponsored

hivanix.in

Visit

This quiz is brought to you by hivanix.in

🌐 Web App Development

Quick Navigation