Privatization: Successes and Failures (Initiative for Policy Dialogue at Columbia: Challenges in Development and Globalization),Used

Privatization: Successes and Failures (Initiative for Policy Dialogue at Columbia: Challenges in Development and Globalization),Used

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SKU: SONG0231141602
Brand: Columbia University Press
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The privatization of large stateowned enterprises is one of the most radical policy developments of the last quarter century. Rightwing governments have privatized in an effort to decrease the size of government, while leftwing governments have privatized either to compensate for the failures of stateowned firms or to generate revenues. In this way, privatization has spread from Europe to Latin America, from Asia to Africa, reaching its zenith with Central and Eastern Europe's transition from socialism to capitalism.In many countries state ownership has been an important tool in bringing cheap water, energy, and transport to poorer segments of the population. In other instances, it has sponsored aggressive cutbacks, corruption, and cronyism. Privatization: Successes and Failures evaluates the practices and results of privatization in Eastern Europe, Africa, Latin America, and Asia. Featuring the world's leading economists and experts on privatization, this volume offers a broad and balanced analysis of specific privatization projects and uncovers some surprising trends. Partial privatization, for example, tends to be more widespread than one might think, and the effects of privatization on efficiency are generally mixed but rarely negative. Also, while privatization appears uncontroversial in competitive sectors, it becomes increasingly complex in more monopolistic sectors where good regulation is crucial. Privatization concludes with alternative frameworks for countries in Africa and other regions that seek to develop privatization policy and programs.

⚠️ WARNING (California Proposition 65):

This product may contain chemicals known to the State of California to cause cancer, birth defects, or other reproductive harm.

For more information, please visit www.P65Warnings.ca.gov.

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