The papers which make up the chapters of this book were given at a seminar in Oxford. The event took place following the election of the first Labour government for 17 years and following an announcement of the consultation process leading up to the publication of a Transport White Paper. The debates in the book contain reflections on the legacy of the previous administration and the challenges facing the new government.

The public debate is rife with polarized views of how to deliver essential services such as education, health, and security. While some tout privatization as a way to supplant bad governments, others warn that private firms maximize profits at the expense of socially oriented service attributes. In reality, all forms of service delivery-public, private and hybrid public private-collaborations-have merits and flaws. This book scrutinizes the menu of delivery forms in public services and the conditions that should make them work. It argues that privatization benefits from capable government units committing to well-defined policy objectives, mobilizing critical resources, and incentivizing effective and inclusive delivery. Societies counting on capable governments can also reject single solutions and experiment with plural paths of improvement, where public and private organizations co-exist and learn from each other. This book will appeal to students, academics, managers and policy makers interested in examining the public-private boundary and the many ramifications of this focal issue.

Over the past decade India has been undertaking a program of economic reform, and at the same time the economy has been growing at a high rate. As part of the reform program, and in line with prevailing economic thinking, India has been privatizing its large, ungainly public sector. One assumption underlying this program is the dogma that public sector enterprises are doomed to inefficiency, and that competitive market forces can be relied on to make firms more efficient once they are privatized. But is this really true?
Combining rigorous data analysis with case studies to provide a balanced evaluation of the process of deregulation and privatization within the overall context of economic reforms, the author demonstrates, remarkably, that, contrary to the prevailing view, private sector firms do not outperform public sector firms across all sectors. He also shows that revenue-raising considerations have weighed more heavily with the government than efficiency objectives. Overall, this study of the reform process in India, with its unique longstanding mix of private and public sectors, will be of great interest to all those studying reform and transition worldwide.

The transformation of public ports into commercially orientated and profitable entities is occurring apace in the Asia-Pacific region. This timely book is the first to take a regional perspective on port reform and port privatisation. A range of countries are examined, including China, Japan, Korea, Malaysia, Singapore, Australia and New Zealand.The book's contributors are academic specialists in the fields of port economics and management, whose country studies illustrate a variety of port privatisation methods and outcomes in an economically, politically and culturally diverse region connected by extensive maritime trade networks. Significantly, the book concludes that privatisation of ports is an important but far from universal approach to reforming the region's ports. Focusing exclusively on port privatisation in the Asia-Pacific region, this book will be of great interest to academics and policymakers who are interested in port reform, together with those interested in privatisation more generally in the Asia-Pacific region.

Privatization and Economic Efficiency assesses the economic content of many of the beliefs surrounding privatization. It develops a new and novel inter-disciplinary approach linking economic and organizational dimensions.A series of case studies examines the theory, evidence and policy experience of privatization in developed and developing nations. These studies focus on the UK, US, Egypt and Jamaica. The book concludes that privatization is an appealingly simple phrase concealing many difficulties and problems for analysts, researchers and policymakers.

This book shows that privatization in Britain constitutes a form of state power. After analyzing the historical and ideological background, the study examines how market processes indirectly extend state control by governing participation in state asset sales, regulatory regimes, deregulated policymaking and the marketization of trade unions. Privatizing control remade British democracy. Direct state power has been concentrated and held in reserve, while market processes guide wide areas of routine decision-making. Thus, it is demonstrated that privatization has depoliticized choice and diminished freedom.

Privatization and Entrepreneurship: The Managerial Challenge in Central and Eastern Europe analyzes the challenges faced by managers in the transforming economies of Central and Eastern Europe and provides penetrating insights into the details of managing in the former socialist countries. This collection's combination of conceptual/theoretical material with empirical, firsthand case analysis prepares Western managers for a more profitable and less stressful entry into these significant markets.This enlightening book highlights the complexity and breadth of the issues and problems of successfully entering new markets in Central and Eastern Europe. Along the way, you are introduced to such topics as consumer behavior and shown the different forms of foreign direct investment with their associated problems and benefits. If you are searching for ways to better prepare for business in these markets, this book can help you meet your objectives with its helpful information on: ethical concerns and linguistic difficulties of managing in transforming economies management challenges of privatization management challenges of entrepreneurship strategic issues associated with the reorientation of enterprises corporate constituencies, changing consumers, labor unions, and pay practicesPrivatization and Entrepreneurship will prove valuable to policymakers in economic development and foreign aid agencies, executives of companies planning to expand into Europe and those already active in the region, and academicians and students in management, economics, and political science.

This title is the first in the Critical Perspectives on the World Economy series. With a new introduction by the editors it brings together the most significant contributions on privatization including material on the philosophical and historical context.
Specific subjects covered include:
* regulation and competition policy
* different forms and techniques of privatization
* the impact of privatization.
Drawing on an enormous range of sources, the collection includes material by Hayek, Harold Demsetz, Douglass North, Janos Kornai, Jean Tirole and Jeffrey Sachs. It is an indispensible reference for policy makers, as well as academics concerned with economic policy and public economics.

This book brings together specialists from different areas (governance, regulation, macro-econometrics, micro-econometrics, enterprise culture, foreign direct investment, technology transfer) to focus on the many different aspects of the privatization process in transition economies. The book does not dwell on the administrative or procedural aspects of privatization. Instead it attempts to understand the bigger picture in terms of underlying policy environment and supporting legal and economic measures which helped to a large extent to determine the eventual success or failure of privatization programs.

In many parts of the world, public enterprise is in crisis. Privatization programs are being widely promoted as the solution to many of the problems of inefficiency and slow rates of growth associated with public enterprise. This book discusses the underlying causes of those problems, and critically examines some of the solutions that have been adopted.
"Public Enterprise at the Crossroads" has a wide geographical scope and cuts across the political spectrum. The experiences of countries in four continents are analyzed, with explorations of current problems. The contributors find recurrent patterns; problems are often found to be political as well as economic, and bureaucracy and administrative confusion are seen as a major cause of poor financial performance. Yet since political aims, the economic environment, and administrative and managerial capacities vary so widely, universal solutions remain more difficult to define than universal problems.

This volume develops an analytical framework for the examination of the politics of privatisation. Dobek argues that privatisation is a strategy employed by politicians in their drive for power. The material resources and formal powers at the disposal of governments make them great patrons for the construction of coalitions, intended to promote the interests of political parties. The author further argues that, based on the examples of Great Britain and Poland, any privatisation campaign is ultimately shaped by political, rather than economic concerns. This text is designed to interest scholars and students of politics and economics.

This book provides an important new contribution to the literature about Eastern Europe following the political changes of the early 1990s. Its focus is on housing, which before these changes was dominated in all Eastern European countries by state control and, to a lesser extent, state provision. Here, the contributors aim to describe and analyze the fundamental changes that are now taking place as these housing systems, together with their supporting financial institutions and building industries, are privatized. This book provides an important new contribution to the literature about Eastern Europe following the political changes of the early 1990s. Its focus is on housing, which before these changes was dominated in all Eastern European countries by state control and, to a lesser extent, state provision. Here, the contributors aim to describe and analyze the fundamental changes that are now taking place as these housing systems, together with their supporting financial institutions and building industries, are privatized. The core of the book consists of seven chapters by Eastern European research teams, each covering a different country and providing accounts of local housing systems before and after the recent political changes. The core and supporting chapters all emphasize analysis of housing change with reference to social and political change and discussion of the effects of privatization on the availability and distribution of housing.

Throughout the world, governments are reducing their involvement in the area of telecommunications. Some telecommunications are being fully or partly privatized while others are experiencing deregulation. The situation in six Asian countries, four European countries, and two Latin American countries are examined. In addition, there is one chapter on the telecommunications business in developing countries as a whole. All sections explore the interaction with encroaching competition, new technology, and a desire for greater freedom.

The post-communist European countries have faced enormous political and economic problems in attempting the transformation to a market oriented economy through two of the most important channels influencing this process--privatization and foreign investments. Focusing on Russia, the Czech Republic, Hungary, Bulgaria, and Poland, the authors examine the trends toward privatization and the problems facing the countries economic managers and foreign investors. They explore what can be done to increase foreign direct and equity investment given the political risks involved in the economic transformation. Scholars and students of international economics, international trade, Russian and Eastern European studies, and government and international agencies should find this study on the relationship between privatization and foreign investment informative and useful.

Privatization began in the 1970s with Carter's deregulation of some business, and increased with the Thatcher administration in the United Kingdom, the Reagan administration in the United States, and many communist and socialist countries. One area of concern in privatization is transportation--airports, water ports, roads, and mass transit. Privatization can be implemented in financing, construction, operation, and maintenance of the transportation system, the main motives being the belief that the private sector can be more efficient than the public sector, and because public funds are becoming less plentiful for a variety of reasons. The focus is on ideas and innovations for expanding the private role in transportation. Specifically covered are ideas and innovations for expanding the role of private sector in U.S. transportation projects, private financing of urban transportation, airport privatization, water port improvement, toll roads, and competitive contracting for transit services. The distinguished list of contributors includes the co-recipient of the 1996 Nobel Prize in Economics, William Vickrey. The audience for the work are scholars dealing with the discussions concerning the economics and politics of privatization, business people who are likely to be interested in potential opportunities, governmental regulators and staff, and policy makers.

In recent decades, privatisation has been a key policy instrument in the move to more market-based economic systems in all parts of the developing world. Privatisation, however, has not necessarily been accompanied by an increase in market competition. In recent years, many public utilities have been privatised as monopolies and in addition regulatory systems have been developed to restrict their market power and protect the interests of consumers. These authoritative volumes bring together a collection of important papers that have shed new theoretical and empirical insights into privatisation and regulation and have provided new policy perspectives in relation to developing countries. Privatisation in Developing Countries will appeal to policymakers and researchers at the forefront of economic policy debates in developing countries.

Regulatory economics has become increasingly important over the last quarter of a century, in part as a result of the wave of privatization, starting in the UK, which made the regulation of monopoly of much greater interest. The discipline has also become more rigorous, increasingly employing powerful analytical and econometric methods. This volume brings together some of the leading contributions to the literature on privatization and regulation. The book is an invaluable resource for scholars, policymakers and regulators in the study of privatization and regulation.

Originally published in 1984, Privatisation and the Welfare State brings together a distinguished set of experts on the Welfare State and its main policy areas of health care, housing, education and transport. Each chapter provides some much-needed analysis of privatisation policies in areas where, too often, political rhetoric is allowed to dominate discussion. The book makes a major contribution to the reader's understanding of the complex issues involved in this controversial area of social policy. As the first systematic evaluation of a broad range of welfare state privatisation proposals, it is essential reading for economists, social administrators, and political scientists.

This timely new book provides an international perspective on Public Private Partnerships. Through 21 case studies, it investigates the existing and fast developing body of principles and practices from a wide range of countries and is the first book to bring together leading international academics and practitioners under a common framework that enables convenient cross-country comparisons. The authors focus on the impact of the financial crisis has had on how governments have reviewed and overhauled their PPP policies as they have examined or tested new ways of partnering more effectively, efficiently and sustainably with the private sector. Readers will be able to gauge the level of maturity of PPP development in the book's case studies, understand similarities and differences in their practices, and gain useful insights into the regulatory framework and institutional infrastructure in place to support implementation of PPP. Finally, the book offers insights into the future challenges and opportunities that PPP offers stakeholders.

Privatization has spread worldwide during the 1980s and 1990s, and has significantly reshaped the balance between state and market in many countries. This book provides a comparative political analysis of the development, form, character and causes of privatization in three countries: the UK, USA and France. The authors argue that privatization is a political phenomenon and should be analyzed as such, rather than being seen as an economic response to the growth of the state and the cost of state provision. Privatization frequently has explicit political goals, and has consequences which redistribute costs and benefits to different groups. The book presents a threefold typology of privatization policy - pragmatic, tactical and systemic - and relates it to the experiences of USA, France and UK respectively. It will be of interest to students and scholars of politics, economics, public policy and business studies, as well as policy-makers and consultants in the field of privatization.

Privatization is now a universal practice and is the result of a set of interrelated factors, all of which are explored in this collection. Privatization has also become an academic industry, generating a vast outpouring of books and articles. This authoritative two volume collection, which includes a new introduction by the editors, concentrates on the public policy of privatization, and explores its dimensions by presenting key theoretical and empirical articles. The volumes are also clearly interdisciplinary, bringing together for the first time articles informed by political science, economics and sociology. The collection will be invaluable for both practitioners and academics, especially those involved in the study of applied economics, public policy and political science.

Legitimized by the arguments of efficiency gains, public housing, pensions, unemployment insurance and health care are all being gradually privatized. In many countries, even the state's 'night-watchmen' role of providing security is offered by private prisons and security guards. In the face of these and other developments, this book argues that on the basis of efficiency, morality and equality there is still an overwhelming need for public intervention - the res publica. Public or Private Goods? brings together leading scholars from various disciplines including economics, sociology, political science, geography and spatial planning. The book explores core public tasks that the state has traditionally provided but which are increasingly privatized and subsumed into the private sector. For example, although the state still funds and regulates core domains, it provides fewer and fewer visible goods. The authors show how this apparent invisibility of the state presents serious challenges for both income equality and democracy. This thoughtful interdisciplinary book will appeal to advanced students and academics in political science, public sector economics and public finance. It will also provide stimulating reading for politicians, policymakers and anyone interested in the provision of public services. Contributors include: F. Blank, G. Bonvissuto, J. Ferwerda, M. Getzner, G. Gutheil-Knopp-Kirchwald, J. Kadi, T. Knijn, I. Koetsier, J. Lewis, B. Unger, D. van der Linde, K. van Egmond, F. van Waarden

Originally published in 1984, Privatisation and the Welfare State brings together a distinguished set of experts on the Welfare State and its main policy areas of health care, housing, education and transport. Each chapter provides some much-needed analysis of privatisation policies in areas where, too often, political rhetoric is allowed to dominate discussion. The book makes a major contribution to the reader's understanding of the complex issues involved in this controversial area of social policy. As the first systematic evaluation of a broad range of welfare state privatisation proposals, it is essential reading for economists, social administrators, and political scientists.

What is regulation? Under what circumstances is it needed? What forms should it take? Such questions are especially relevant at a time in United States history when governmental involvement in decisions formerly left to individuals and business firms evokes concern on all sides of the political spectrum. In "Going by the Book," Eugene Bardach and Robert A. Kagan address these questions and provide richly detailed descriptions of the dilemmas of enforcement in a broad variety of regulatory programs. The authors argue that the most successful forms of regulation emerge from a flexible rather than a legalistic method of implementation. Relying on extensive interviews with government agency officials and regulated businesses, they find that American techniques of regulation, by their very nature, frequently generate "regulatory unreasonableness," that is, governmental requirements that seem sensible in principle but that make little sense in particular situations. By exploring the roots and dynamics of regulatory unreasonableness and the ways in which some regulatory officials and programs avoid it, "Going by the Book" simultaneously illustrates the virtues of flexible regulatory enforcement and illuminates the political and practical obstacles to achieving that goal. In their new introduction, the authors discuss their findings in light of the twenty years that have passed since "Going by the Book" was first published. They explore the growth of regulation in recent years as well as many reforms, noting that while much has changed, much has not. They argue the United States remains torn between two competing visions of regulation: enforcing laws versus solving social problems. Thus, the deep insights into the regulatory process that "Going by the Book" provides continue to make it a mandatory work for public policymakers, experts in economics, government, and regulatory law, and students and teachers of political science, public policy, and sociolegal studies.

The 31 articles in this book discuss the pros and cons of privatization of public services. Examined are the need for alternative service delivery; the process of privatization; concrete examples of privatizing services generic to local governments; precautions; and the future of privatization.