Economic pressures and technological change are causing governments
across Europe to reassess the role of the state in the economy.
Privatization and market liberalization have been embraced by some
European Union governments as a way of shaking up sleepy state
monopolies, while providing useful government funding at a time
when governments need to reduce budget deficits to meet the
Maastricht fiscal criteria for a common currency in Europe. This
volume discusses privatization in the major European economies. It
considers the different perspectives on privatization theory and
policy in Europe and thereby identifies different national
characteristics in terms of the motivation to privatize, the scale
of privatization and its consequences. In the opening chapters
there is a detailed overview of the theoretical economic issues
involved in privatization and an assessment of privatization across
the EU. The remaining ten chapters contain national case studies of
EU countries which review the history of state ownership and
privatization in each of these countries and evaluate the extent of
privatization.
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