Privatization

Successes and Failures

By: Gerard Roland (Editor), Joseph E. Stiglitz (Foreword by)

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Hardcover | 23 June 2008 | Edition Number 1

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The privatization of large state-owned enterprises is one of the most radical policy developments of the last quarter century. Right-wing governments have privatized in an effort to decrease the size of government, while left-wing governments have privatized either to compensate for the failures of state-owned firms or to generate revenues. In this way, privatization has spread from Europe to Latin America, from Asia to Africa, reaching its zenith with Central and Eastern Europe's transition from socialism to capitalism.

In many countries state ownership has been an important tool in bringing cheap water, energy, and transport to poorer segments of the population. In other instances, it has sponsored aggressive cutbacks, corruption, and cronyism. Privatization: Successes and Failures evaluates the practices and results of privatization in Eastern Europe, Africa, Latin America, and Asia. Featuring the world's leading economists and experts on privatization, this volume offers a broad and balanced analysis of specific privatization projects and uncovers some surprising trends. Partial privatization, for example, tends to be more widespread than one might think, and the effects of privatization on efficiency are generally mixed but rarely negative. Also, while privatization appears uncontroversial in competitive sectors, it becomes increasingly complex in more monopolistic sectors where good regulation is crucial. Privatization concludes with alternative frameworks for countries in Africa and other regions that seek to develop privatization policy and programs.

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This book should be compulsory reading. -- Paul Sweeney Irish Times An extremely valuable monograph... Highly recommended. Choice

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Non-Fiction Economics Political Economy Politics & Government Political Structure & Processes Constitution & The Government & The State Business & Management Ownership & Organisation of Enterprises Small Businesses & Self-Employed Privitisation History International Economics

International Relations

Foreword
Introduction	p. 1
Private and Public Ownership in Economic Theory	p. 9
Privatization in Western Europe: Stylized Facts, Outcomes, and Open Issues	p. 32
Privatization in Central and Eastern Europe and the Commonwealth of Independent States	p. 76
Privatization in Africa: What Has Happened? What Is to Be Done?	p. 109
Privatization in Latin America: The Good, the Ugly, and the Unfair	p. 136
Privatization in South Asia	p. 170
A Critical Review of the Evolving Privatization Debate	p. 199
Contributors	p. 213
Index	p. 219
Table of Contents provided by Blackwell. All Rights Reserved.

Privatization

Successes and Failures

Industry Reviews

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How to return your order

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