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Social consequences of privatization : Sümerbank Ereğli cotton plant case

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2007
Nurol, Bahadır
The thesis attempts to provide a critical evaluation of the social consequences of privatization. It is mainly based upon a field study conducted in Ereğli, an industrial town in Central Anatolia, and evaluates workers’ attitudes towards the effects of privatization on their lives. For that purpose, firstly, social development paradigm is highlighted since its current premise is the necessity of privatization; secondly, Turkish Experience of the State Economic Enterprises is taken into consideration; and lastly, providing a case study on the privatization of Sümerbank Ereğli Cotton Plant, social consequences of privatization are examined more closely. Thus, it will also be possible to point out concretely that privatization is a social phenomenon in addition to its economic side. The main conclusion of this thesis is that a large scale privatization without taking into consideration social returns damaged the welfare of communities in which it experienced.