privatization impact on poverty

Privatization involves transferring ownership of public services or assets from government to private companies. Its impact on poverty varies: it can improve efficiency and service quality, potentially creating jobs and economic growth that benefit the poor. However, privatization may also lead to higher costs for essential services like water, electricity, or healthcare, making them less affordable for low-income households. The overall effect depends on how it's implemented, with careful regulation helping to maximize benefits and minimize risks of increased inequality or exclusion of the poor from vital services.