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Books > Business & Economics > Business & management > Ownership & organization of enterprises > Privatization
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.
One thing that mature, developing, or undeveloped nations have in common in today's global economy is the necessity to construct, repair, refurbish, and modernize their infrastructure. More and more governments are turning to the Build-Operate-Transfer (BOT) process to accomplish this expensive and enormously challenging task—allowing private developers to design, finance, construct, and operate revenue-producing public projects, and then turn them over to the community at the end of an agreed payback period. The first book to explore this innovative approach to privatization, Build, Operate, Transfer covers the creation of BOT projects from the ground up. Using a real-world, case-oriented approach, it provides a comprehensive examination of the engineering, construction, and financial skills required to bring BOT ventures from the planning stage to design, construction, and operation. From the Channel Tunnel to the Dulles Greenway, the book examines both successful projects and troubled ones, extracting key information on what sets them apart—including such crucial factors as the importance of public support and government control in ensuring a positive outcome. You will also find specific coverage of construction techniques and procedures, plus financial comparisons, demographics, and other statistical data. Whether you are a student or a professional working in engineering, construction, finance, or government, BOT cannot be ignored as an effective way to build infrastructure projects quickly, efficiently, and at minimal cost. This book equips you with both the comprehensive information and the practical guidance you need to put this dynamic practice into action. The only book available on the BOT approach to private construction and maintenance of public projects—complete coverage from the ground up Contractors the world over are discovering how to use private-public partnerships to build much-needed infrastructure projects quickly, efficiently, and at minimal cost. This book thoroughly explores the combination of engineering, construction, and financial skills required to bring these Build-Operate-Transfer (BOT) ventures from the planning stage to design, construction, and operation. Based on a real-world, case-driven approach, Build, Operate, Transfer examines specific BOT projects, identifying key factors necessary to their successful implementation, and offering important guidance on avoiding common pitfalls. This practical book features: A full introduction to BOT systems, with diagrams of construction techniques and procedures, complete sample contract, and more
The Brand-Driven CEO demonstrates how senior leadership can use their brand to align and guide the behaviors, decisions, and operations of their entire organization in order to drive value. David Kincaid delivers practical assessments and game plans for senior executives and managers across functional areas, clarifying the confusion between brand and marketing management. He introduces the "New 4Ps" of brand management: People, Process, Intellectual Property, and Partnerships. This paradigm shift equips business leaders with a new approach to managing growth, profitability, risk, and sustainable value. Using real-life, current case studies from today's fastest growing and most valuable brands - including Starbucks, Apple, and BMW - this book reveals the critical importance of managing big businesses as integrated business systems. The Brand-Driven CEO includes criteria to conduct your own brand self-assessment and a stepby-step roadmap that can be applied to help transform your brand and its management.
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.
This volume explores current research in public relations and communication management, and in particular examines how public relations can have a positive impact on the well being of its publics. One of the biggest competitive advantages in today's business world are positive and engaged publics, because satisfied participants are at the core of any successful relationship. The success of relationships with publics is mostly based on how people are valued and treated, which in turn affects their self-perceptions and level of performance. Both of these elements are correlated with life happiness. Thus, strategic communication should be used for cultivating a positive environment and for fostering happiness and joy among their publics. This can help improve both organizational success and the well-being of people. This book will be essential reading for researchers in marketing and communications, as well as practitioners who wish to understand how PR and Communication Management can positively impact the well-being of organizations and the wider community.
Limits to Privatization is the first thorough audit of privatizations from around the world. It outlines the historical emergence of globalization and liberalization, and from analyses of over 50 case studies of best- and worst-case experiences of privatization, it provides guidance for policy and action that will restore and maintain the right balance between the powers and responsibilities of the state, the private sector and the increasingly important role of civil society.The result is a book of major importance that challenges one of the orthodoxies of our day and provides a benchmark for future debate.
Why were the European middle classes ready to acquiesce in neo-liberalism? This book argues that upward mobility, the growth of individual and family assets, the growing significance of private provision, and processes of individualization contributed to a major transformation of the middle classes, making them more prone to embrace inequality and market principles. It shows how the self-interest of large sections of the middle classes undermined social democracy and paved the way for neo-liberal reforms, making their socio-economic positioning ever more precarious and reducing their political power. Central to the debate is the question of how the middle classes can rebalance the relationship between the Market and state intervention, so as to establish a new social equilibrium.
On the 14th June 2017, a fire engulfed a tower block in West London, seventy-two people lost their lives and hundreds of others were left displaced and traumatised. The Grenfell Tower fire is the epicentre of a long history of violence enacted by government and corporations. On its second anniversary activists, artists and academics come together to respond, remember and recover the disaster. The Grenfell Tower fire illustrates Britain's symbolic order; the continued logic of colonialism, the disposability of working class lives, the marketisation of social provision and global austerity politics, and the negligence and malfeasance of multinational contractors. Exploring these topics and more, the contributors construct critical analysis from legal, cultural, media, community and government responses to the fire, asking whether, without remedy for multifaceted power and violence, we will ever really be 'after' Grenfell? With poetry by Ben Okri and Tony Walsh, and photographs by Parveen Ali, Sam Boal and Yolanthe Fawehinmi. With contributions from Phil Scraton, Daniel Renwick, Nadine El-Enany, Sarah Keenan, Gracie Mae Bradley and The Radical Housing Network.
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.
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.
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.
Beginning in 1983, the Mexican government implemented one of the most extensive programs of market-oriented reform in the developing world. Downsizing the State examines a key element of this reform program: the privatization of public firms. Drawing upon interviews with government officials, business executives, and labor leaders as well as data from government archives and corporate documents, MacLeod highlights the difficulties of linking market reforms to improved public welfare. Privatization failed to live up to its promise of raising living standards or decentralizing the economy. Indeed, privatization actually increased the concentration of wealth in Mexico while redirecting the economy toward foreign markets. These findings contribute to theoretical debates regarding state autonomy and the embeddedness of economic action. MacLeod calls into question the autonomy of the Mexican state in its privatization program. He shows that the creation of markets where public firms once dominated has involved both the destruction of social relations and the construction of new relations and institutions to regulate the market.
At the end of the 1970s, the prospect of privatising public enterprises which operated in sectors such as water, telecommunications, railways or air transportation seemed a thoroughly unappealing one in political terms. Not even the future privatisation champion, the British Conservative Party, envisaged this kind of reform when it came to power in 1979. with the EU region at the forefront of these developments. What are the factors that explain this shift? This text rejects the two dominant explanations provided in literature, which include a simple Americanisation of policy and a varied privatisation experience without a common driving force. country from the 1980s to the beginning of the twenty first century, the authors show how the process of European integration and the need for internationally competitive industries have constituted key driving forces in the quest for privatisation across the EU. As privatisation slows down at the turn of the millennium, what future can citizens expect for public enterprises?
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 textbook is a development of Financial Reporting by Alexander and Britton, and is designed to meet the emerging demand for coverage of international accounting standards (IASs) and the globalization of accounting in advanced courses. It is predicated on an IAS framework but the European directives, especially as regards detailed formats having no direct equivalent in IASs, are discussed in detail. The European context and, in the case of important markets, the national context is recognised and contrasted with the international approach. Important non-European influences, especially those from the US, are also included in order to provide a genuinely wide-ranging appreciation of the implications of accounting internationalism. Part 1 contains coverage of the theoretical underpinnings of financial reporting in an international context. It also describes the international, European and domestic regulatory framework of accounting. Part 2 starts by analysing the legal background of the concept of capital and profit.
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.
It is a widely held idea that Russia has completed its revolution which brought down the Soviet economy, and that many companies after privatisation work as typical western companies. Another belief is that Russia has adopted a market economy but then reverted to authoritarianism. With these two ideas in mind, this book discusses the suggestion that the key element of post-Soviet economic and political reforms in the last two decades was the redistribution of assets from the state to oligarchs and the new elite. It looks at why most Russian companies could not achieve strong long-run corporate performance by analysing in detail a range of different Russian companies. The book is a useful tool for understanding the future prospects for Russian business.
The public sector's need for new revenues, sparked by political change and economic pressures at home and abroad, has reversed the century-old trend toward government growth in favor of private sector management and ownership. Political upheaval in Eastern Europe, crippling debt in Latin America, and a volatile North American economy have created a climate in which privatization has emerged as a dramatic new business opportunity. While providing governments with a chance to cut losses and quickly generate much-needed cash, privatization offers new investment opportunities with strong upside potential for businesses. From news-making purchases involving Russian railroads and Brazilian agro-industries, to more modest investments, such as Romanian shoe factories and Texas grade schools, state-owned enterprises (SOEs) have consistently, proven to be among the most sought-after buys of the past decade. Based on years of privatization consulting by the professionals at Ernst & Young in Europe, Asia, Latin America, the U.S., and Canada, this new book provides practical guidance for involvement in and purchasing of state-owned enterprises. Combining principle with real-life case studies, this hands-on guide takes you step-by-step through the entire process - from research and planning to negotiating, purchasing, and managing.
The privatization of water supply is an emotive and controversial topic. The 'British model' of water privatization is unique: no other country has entirely privatized its water supply and sewerage systems. This book analyzes the socio-economic and environmental dimensions in privatization in England and Wales. It examines the implications of privatization for consumers, environmental management, and the water supply industry.
Despite a half-century of literature documenting the experience and meanings of countertransference in analytic practice, the concept remains a source of controversy. For Peter Carnochan, this can be addressed only by revisiting historical, epistemological, and moral issues intrinsic to the analytic enterprise. Looking for Ground is the first attempt to provide a comprehensive understanding of countertransference on the basis of a contemporary reappraisal of just such foundational assumptions. Carnochan begins by reviewing the history of the psychoanalytic encounter and how it has been accompanied by changes in the understanding of countertransference. He skillfully delineates the complexities that underlie Freud's apparent proscription of countertransference before tracing the broadening of the concept in the hands of later theorists. Part II examines the problem of epistemology in contemporary analytic practice. The answer to this apparent quandary, he holds, resides in a contemporary appreciation of affect, which, rather than merely limiting or skewing perception, forms an essential "promontory" for human knowing. The final section of Looking for Ground takes up what Carnochan terms the "moral architecture" of psychoanalysis. Rejecting the claim that analysis operates in a realm outside conventional accounts of value, he argues that the analytic alternative to traditional moralism is not tantamount to emancipation from the problem of morality. With wide-ranging scholarship and graceful writing, Carnochan refracts the major theoretical and clinical issues at stake in contemporary psychoanalytic debates through the lens of countertransference - its history, its evolution, its philosophical ground, its moral dimensions. He shows how the examination of countertransference provides a unique and compelling window through which to apprehend and reappraise those basic claims at the heart of the psychoanalytic endeavor.
William Tye draws on his large body of work in the area of railroad deregulation to address specific economic problems associated with deregulation. He elucidates principles that can be applied to any major industry entering the competitive marketplace--particularly telecommunications and other utilities, including gas and electric. Tye has updated and revised his previous articles and structured them into an integrated framework. Each section addresses a major issue and can be read on a stand-alone basis. By providing appropriate economic models and rules for successful transition, this work is designed to encourage a smooth changeover to deregulation. It is important, Tye says, to recognize that the original problems regulation sought to solve do not simply go away, and that new problems can be created by the transition itself. He stresses the need to deal with legacies from the regulated past, such as investments, policies, labor contracts, and sunk investment costs by buyers. He explains why explicit regulatory intervention may be required to correct equity and efficiency imbalances. Sections cover topics such as finance and revenue adequacy, pricing, mergers, and competitive access and will serve as a valuable resource for attorneys, regulatory commission staff, academics, and consultants.
This volume examines energy security in a privatized, liberalized, and increasingly global energy market, in which the concept of sustainability has developed together with a higher awareness of environmental issues, but where the potential for supply disruptions, price fluctuation, and threats to infrastructure safety must also be considered. Part I commences with an essential introductory chapter which defines energy security and sets forth the key issues and themes of the book. There then follow several cross-cutting chapters which include sceptical analysis of energy security claims from an environmental perspective and a broader geopolitical analysis of energy security. Part II examines a wide variety of international, regional, and national approaches to energy security issues. Energy security concerns differ considerably from country to country, however most of the chapters examining particular nations provide an economic and historical context of their energy security concerns, followed by a detailed analysis of the legal provisions relating to each of the main energy sectors (oil, gas, coal, electricity, nuclear, and renewable energies). This entails examination of regulation, organization, and planning for security and other purposes. In a number of cases, energy security law is shaped by other factors such as market liberalization, environmental protection, and competition policy. Part III comprises two final chapters, the first contrasting the various national and regional approaches and analysing cross-cutting issues, whilst the concluding chapter forecasts future trends in the legal regulation of energy security.
It is a widely held idea that Russia has completed its revolution which brought down the Soviet economy, and that many companies after privatisation work as typical western companies. Another belief is that Russia has adopted a market economy but then reverted to authoritarianism. With these two ideas in mind, this book discusses the suggestion that the key element of post-Soviet economic and political reforms in the last two decades was the redistribution of assets from the state to oligarchs and the new elite. It looks at why most Russian companies could not achieve strong long-run corporate performance by analyzing a comprehensive database of different Russian companies. The book is a useful tool for understanding the prospects of future Russian business.
The book analyses both the macro and micro factors under which policies of privatization of nationalized industries took place in Argentina, Brazil, and Peru. It examines the economics of achieving privatization, the policy reform that took place, and the factors that emerged to wither encourage or deter privatization. |
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