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Markets, States and Public Policy - Privatization in Britain and France (Hardcover, New)
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Markets, States and Public Policy - Privatization in Britain and France (Hardcover, New)
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The past decade has witnessed a worldwide and more or less
irreversible shift away from state ownership. This "megatrend" is
expected to last well into the next millennium. Given policymakers'
previous strong inclination toward nationalization and state
ownership, one must ask: Why change now? Markets, States, and
Public Policy concentrates on the experience of Britain and France,
two pioneers of privatization, and draws specifically on detailed
case studies of three sectors: oil, telecommunications, and
railroads. The book shows that privatization is brought about by
the interplay of three factors at critical junctures of time:
available policy alternatives, the ideological complexion and
strategy of the governing parties, and widening government budget
deficits. Thus, privatization is a politically forged decision to
forego direct control over markets in favor of indirect control.
Zahariadis applies the multiple streams approach, extending the
theory in two important ways: first, by giving it an explicitly
comparative focus and, second, by broadening its explanatory reach
to cover policy adoption in addition to agenda setting. In doing
this, the author strikes a unique balance between theoretical
analysis and empirical rigor. Zahariadis's novel way of
comparatively examining the dynamics of policy choice and his use
of literature that cuts across the fields of comparative politics,
public policy, and political economy will attract the interest of
students of political science, public administration, economics,
and sociology.
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