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Legal Theory & Systems - Privatization: Successes and Failures (Initiative for Policy Dialogue at Columbia: Challenges in Development and Globalization)

Description

Book Synopsis: 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.

Details

Looking for a radical solution to boost your business? Look no further than the Privatization: Successes and Failures book. This groundbreaking initiative by the Policy Dialogue at Columbia provides a comprehensive analysis of privatization, one of the most influential policy developments of our time. With governments worldwide adopting privatization strategies, this book delves into the successes and failures observed across Europe, Latin America, Africa, and Asia.

Whether you are a right-wing advocate aiming to decrease government size or a left-wing proponent seeking an alternative to failing state-owned firms, Privatization: Successes and Failures has you covered. Gain insights from leading economists and experts on the impact of privatization on various sectors, including water, energy, and transportation. Discover how privatization projects have brought affordable services to impoverished populations while also exposing the darker side of corruption and cronyism.

What sets Privatization: Successes and Failures apart from other publications is its unbiased evaluation of diverse privatization projects, revealing unexpected trends along the way. You'll be surprised to learn that partial privatization is more widespread than commonly believed, and the effects of privatization on efficiency are generally positive, if not always transformative. It also sheds light on the complexity of privatization in monopolistic sectors, stressing the importance of good regulation.

Don't miss out on the opportunity to revolutionize your understanding of privatization. Join the countless readers who have gained valuable knowledge from this essential resource. Take the first step towards a brighter future by exploring Privatization: Successes and Failures today.

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