WIRE — Few policy debates spark as much passion and misunderstanding as privatisation. In Africa and the developing world, privatisation is seen as a fix for inefficient state-owned enterprises, while corporatisation is a compromise of public ownership and private discipline. Others believe governments should keep control of key assets for sovereignty and long-term growth. After decades of global experimentation, the key lesson is that the real question isn't who owns an organisation but whether leaders have the competence, integrity, discipline, and courage to govern well. We often focus on ownership because it's visible, but governance and human behaviour, which are less obvious, are more crucial.
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