Privatization of SOEs a Shift from Protectionism and a Factor of Economic Growth

In the framework of economic development, we argue that privatization State Owned Enterprises (SOEs) is unarguably one gateways to succeeding in growth. It provides basis for perfect market competition, promoting employment, reducing government expenditure burden on its budget, employment growth and efficient services, boost innovation technological revolution especially developing countries which an undisputable evidence seen example Asia China be specific. a good number with structures, early successes can largely accredited their underperforming SOEs model this article, will attempt draw attention readers conjectural background SOEs, effects strategies implementation drawing from experiences other countries. We used descriptive analysis approach describe facts about significance economies are opening up or still moving development ladder. The paper also draws lessons developed like US where symbol capitalist free society, although focusing specific reference Sierra Leone, bench marking case China. discovered helps save more improve efficiency through competition motivates as well innovation.