In this volume the leading scholars and practitioners in the
field provide a comprehensive, in-depth examination of trends in
privatization throughout the world. Focusing primarily on the
experiences of seventeen countries--including developing countries,
advanced industrial nations, and socialist states--the book
explores theoretical approaches toward the issues inherent in
privatization and deregulation, specifies techniques for successful
privatization, and examines the cost-benefits and limits of
privatization policies. The contributors then present a series of
twenty detailed case studies which assess the actual problems and
prospects associated with privatization and deregulation policy
choices across varied sociopolitical systems and a range of
economic sectors. The result is the most extensive comparative
public policy analysis yet published on the subject of
privatization and deregulation.
Following an introductory overview which addresses the
interaction between privatization, deregulation and market
liberalization within both developed and developing country policy
environments, the contributors discuss the philosophical bases of
privatization policies, examine the seminal experiences of Britain
and the United States, and identify factors responsible for
successful privatization efforts. This is followed by case studies
of privatization in such sectors as finance, transportation, health
care, housing, and telecommunications around the world. After
special sectoral studies of developing country finance, debt-equity
conversions, and international air transport, the authors
successively survey the experience of privatization in selected
Latin American, Caribbean, West African and Asian developing
nations; in the advanced industrial nations of Canada, France, New
Zealand, and Sweden; and in the socialist countries of China,
Hungary, and Poland. In their conclusion, the editors discuss the
immediate implications of the contributors' findings and suggest
research directions for the future. Numerous explanatory tables and
figures are included, making this an ideal supplemental text for
courses in business, government, and public policy.
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