1. A Theoretical Framework of Privatization -- 2. Theoretical Framework of Economic Development and Democracy -- 3. The Role of the World Bank, International Monetary Fund and the United States in Privatization in Developing Countries -- 4. Privatization in Developing Countries: Theory and Practice -- 5. Theoretical Framework of Multinational Corporations (MNCs) and Foreign Direct Investment in the Developing Countries -- 6. The Case of Zaire: How State-Owned Enterprises Failed -- 7. The Case of Cameroon: Prospect for the Success of Privatization -- 8. Conclusions: Who is to Gain from Privatization, the Western World or the Developing Countries?