Download or read book Privatization written by Graeme Hodge and published by Routledge. This book was released on 2018-03-09 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: Contracting out public sector services and divesting public enterprises are reforms that have enjoyed widespread global popularity in recent years. Better services, lower prices and greater accountability are the promises made by politicians, senior executives, and investment companies when functions are moved from the public sector to private enterprise. But in Privatization, Graeme A. Hodge challenges these assumptions. Through an examination of hundreds of international studies on the performance of privatization activities, Hodge demonstrates that privatizing public services is often not the guaranteed panacea portrayed by its political supporters. Importantly, privatization activities can lead to modest gains, but there are also winners and losers in this reform. It therefore deserves far more care and balanced debate than it usually attracts.
Download or read book Privatisation Policy and Performance written by Paul Cook and published by Prentice Hall. This book was released on 1995 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt: This edited collection analyzes the success of market liberalisation and privatization policies in the developed world and in transitional and developing countries' economies. The book analyzes the privatization issues that dominate the policy agenda in the West, Eastern Europe, Latin America, South East Asia and Africa; offers an international comparison of privatization policies, experience and performance; and presents a non-technical, discursive approach overall. This work is intended for use on courses in Development Economics, East European Economics, Economics of Transition, Economic Policy, and Industrial Economics or Public Sector Economics where the emphasis is on privatization issues. No prerequisite required.
Download or read book Privatisation Politics and Economic Performance in Hungary written by Zoltan Antal-Mokos and published by Cambridge University Press. This book was released on 1998-02-05 with total page 254 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why do some privatisations apparently fail to produce expected positive results? Economic theory tells us that privatisation should improve efficiency, but this book, originally published in 1998, suggests that political bargaining in the process of privatisation works against the results we expect to achieve. To gain a better understanding of what privatisation is really about, power at a firm level needs to be understood. Privatisation is a gradually unfolding, evolutionary process, often with defective corporate governance. Politicking can take priority over performance, with the result that efficiency is ignored and profitability is affected. This is a comprehensive book on privatisation which focuses on micro-level behavioural issues and it uses exceptionally rich case evidence to illustrate that privatisation is more about politics than performance.
Download or read book Privatization and Market Development written by Graeme A. Hodge and published by Edward Elgar Publishing. This book was released on 2006 with total page 217 pages. Available in PDF, EPUB and Kindle. Book excerpt: A useful volume for those interested in the development of privatization around the world. J. Prager, Choice This accessible book aims to inform readers interested in assessing privatization and market development concepts on a global scale, and outlines a range of thinking on how these policy ideas have moved around the globe. Bringing together an international team of contributors, the book traces how privatization concepts have grown in application, and how they have spread to become a central policy idea for governments. And whilst interest in the initial policy of selling-off state owned enterprises has peaked, the contracting and partnership modes of privatization have risen to global prominence. This book also reflects on the importance of the privatization family of ideas on both developed and developing countries. Privatization and Market Development will be of great interest to those involved in public administration and public policy making from a global perspective.
Download or read book Privatization written by Gérard Roland and published by Columbia University Press. This book was released on 2008 with total page 257 pages. Available in PDF, EPUB and Kindle. Book excerpt: The privatization of large state-owned enterprises is one of the most radical policy developments of the last quarter century. Right-wing governments have privatized in an effort to decrease the size of government, while left-wing governments have privatized either to compensate for the failures of state-owned 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.
Download or read book The Impact of Privatization written by Stephen Martin and published by Routledge. This book was released on 1997-02-13 with total page 220 pages. Available in PDF, EPUB and Kindle. Book excerpt: Are resources allocated more efficiently through private ownership than through the public sector? The experiences of eleven newly privatised companies are examined to evaluate this hypothesis. With the Government's pro-privatization policies in place for over a decade, this is a prime time to evaluate theory versus reality.
Download or read book Privatisation Policy and Performance written by P. Cook and published by . This book was released on 1993-11-01 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The World Bank Research Observer written by and published by . This book was released on 2003 with total page 300 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Privatization and Economic Performance written by Matthew Bishop and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: One of the most enduring legacies of the 1980s has been the programme of privatizations that the Thatcher government set in train in the first half of the decade. Whole sectors of the UK economy which were formerly part of the public sector were sold off to the private sector. Some were bought out by their employees; others were bought by the public at large. Some public services were contracted out to the private sector; others were placed on a more commercial footing. The UK privatization programme had an influence on economic policy throughout the world. Privatization programmes were initiated in Asia, South America, and Africa, as well as Europe and North America. The most recent to experiment with privatizations have been the East European countries which have seen privatization as the fastest route to move from socialism to capitalism.
Download or read book Performance and Regulatory Policy for the Privatization of China s Urban Public Utilities written by Yunyan Li and published by Paths International Limited. This book was released on 2022-02-02 with total page 548 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book is structured into four parts. Part I, comprising chapters 1-3, explores the backgrounds and motives of private operation of urban public utilities, analyzes the history and current status of private operations, and constructs the performance evaluation system. Part II includes chapter 4 and chapter 5. Recognizing that private operation of urban public utilities and government regulation are highly interdependent, this part investigates the negative effects that may arise from private operation of public utilities as well as their causes, analyzes the demand for government regulations on private operations, and discusses the supply of government regulations in terms of regulatory system, regulatory institutions, and regulatory policies. Part III is composed of chapters 6, 7, and 8. This part focuses on three public utility areas: urban water supply, gas pipeline, and garbage disposal. It investigates the technical and economic features and the current status of private operation reforms in these three areas, evaluates the performance of private operation in each area, and explores the main contents of government regulations and policies in each utility area. Chapter 9 is treated as an independent part of the book. Based on the summary and analyses about the success and problems in private operation of China's urban public utilities, this last part provides some basic ideas that can be used to promote and deepen the reforms of private operation of urban public utilities.
Download or read book Reforming Infrastructure written by Ioannis Nicolaos Kessides and published by World Bank Publications. This book was released on 2004 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt: Electricity, natural gas, telecommunications, railways, and water supply, are often vertically and horizontally integrated state monopolies. This results in weak services, especially in developing and transition economies, and for poor people. Common problems include low productivity, high costs, bad quality, insufficient revenue, and investment shortfalls. Many countries over the past two decades have restructured, privatized and regulated their infrastructure. This report identifies the challenges involved in this massive policy redirection. It also assesses the outcomes of these changes, as well as their distributional consequences for poor households and other disadvantaged groups. It recommends directions for future reforms and research to improve infrastructure performance, identifying pricing policies that strike a balance between economic efficiency and social equity, suggesting rules governing access to bottleneck infrastructure facilities, and proposing ways to increase poor people's access to these crucial services.
Download or read book Privatisation Policy and Implementation Issues written by Privatisation Commission of Papua New Guinea and published by . This book was released on 2001 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Privatisation Policy in Indonesia written by Dedi Purwana and published by . This book was released on 1999 with total page 214 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study analysed privatisation policy in Indonesia. The dissertation addressed a number of privatisation issues related to the Indonesian experience. These issues were (a) the performance of public enterprises (PEs); (b) the main feature of public sector reform; (c) the rationales for privatisation; (d) the main feature of privatisation policy; and (e) the impact of privatisation on the performance of privatised firms. In discussing the above issues, this study used a qualitative descriptive method and was based mainly on secondary data. This study also examined three privatised firms and analysed their two-year financial and operating performance before and after privatisation. The financial and operating performance measurements were profitability, efficiency, capital expenditure, productivity, employment, leverage and dividend payment. The study found that the Indonesian government started its privatisation policy in 1988 to accompany deregulation and public sector reform. The policy was mostly driven by inefficient and uncompetitive PEs, redistribution of wealth and income, the government financial burden in regard to inefficient PEs, and structural adjustment policy proposed by the international institutions such as the IMF, the World Bank and the ADB. Privatisation policy was designed to initiate a process of transfer ownership and to establish an environment of public private partnership. Divestiture and non-divestiture were two privatisation modalities exercised by the government. In the former model, the government issued PE shares in the capital market or direct placement by strategic investors. Meanwhile, in the latter model, the government relaxed PEs to do partnership with private sector in form of financial arrangements such as Built Operate Transfer (BOT), contract management, and joint operation scheme. The study also concluded that privatisation program in Indonesia had encountered ownership problem, lack of transparency, stakeholder resistance, inappropriate pricing formulation and inflexible mechanism. Despite all these problems, privatisation has significantly improved the financial and operating performance of the three privatised firms in regard to their profitability, efficiency, productivity, investment, employment, leverage and dividend payment. The findings cannot be generalised as they are related to the particular sector examined in this study. Therefore, the study has recommended further research in the field by involving a large sample size, various privatisation techniques and different time setting.
Download or read book Privatization written by Emanuel S. Savas and published by . This book was released on 1987 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt: An examination of privatization. This book deals with a variety of topics connected to this subject, including the characteristics of privatization alternatives, its applications in protective and human services, and problems which can occur with privatization.
Download or read book The Impact of Privatisation written by Stephen Martin and published by Psychology Press. This book was released on 1997 with total page 220 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the past decade economic policy in the UK and elsewhere has been guided by the belief that resources are used more efficiently in the private sector than under state ownership. Consequently, many formerly state-owned companies have been transferred to the private sector. After surveying the theoretical arguments for and against this hypothesis, this book examines the experience of eleven firms, including British Airways, Rolls-Royce and British Telecom. Various indicators are used to measure each firm's performance before and after privatisation to assess whether this policy has brought about improvements in efficiency. The first four chapters provide background material for the empirical work that follows. Chapter 1 outlines the theoretical arguments for and against the idea that private ownership will be more efficient than state control. Chapter 2 provides brief histories of the eleven organisations studied and chapter 3 discusses how their performance can be measured. Chapter 4 reviews the literature on the relative efficiency of public and private ownership. Chapter 5 considers the impact of privatisation on each of the eleven firms' labour and total factor productivity growth. Chapter 6 performs a similar analysis using two standard accounting ratios (value-added and the rate of profit). Chapter 7 assesses the impact of privatisation on technical efficiency using data envelopment analysis. In chapter 8 the impact of ownership on employment, wage levels and the distribution of business income is considered. The penultimate chapter discusses the restructuring that has followed each company's move into the private sector, and the final chapter summarises the results.
Download or read book The Promise of Privatization written by Raymond Vernon and published by . This book was released on 1988 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Privatisation in Developing Countries written by Paul Cook and published by Edward Elgar Publishing. This book was released on 2000 with total page 728 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the last decades of the 20th century, privatization has been a key policy instrument in the move to more market-based economic systems in all parts of the developing world. Privatization, however, has not necessarily been accompanied by an increase in market competition. Many public utilities have been privatized as monopolies and in addition regulatory systems have been developed to restrict their market power and protect the interests of consumers. This volume brings together a collection of papers that provide theoretical and empirical insights into privatization and regulation, as well as policy perspectives in relation to developing countries.
